Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, Holdings Channel reports. The institutional investor acquired 18,000 shares of the retailer’s stock, valued at approximately $2,879,000. Costco Wholesale Corporation accounts for about 2.5% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 13th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation during the second quarter valued at approximately $107,000. Mercer Capital Advisers Inc. increased its position in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC increased its position in Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares during the period. Ledyard National Bank increased its position in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after buying an additional 130 shares during the period. Finally, CKW Financial Group increased its position in Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after buying an additional 200 shares during the period. 74.14% of the stock is owned by institutional investors.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.01% during mid-day trading on Friday, hitting $156.65. 1,886,996 shares of the stock traded hands. The company’s 50 day moving average is $155.46 and its 200 day moving average is $167.57. The company has a market cap of $68.71 billion, a P/E ratio of 27.20 and a beta of 0.93. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The firm had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.50 per share. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.28%. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.

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Several research analysts recently commented on COST shares. Gordon Haskett started coverage on shares of Costco Wholesale Corporation in a report on Tuesday, May 9th. They issued an “accumulate” rating and a $191.00 price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating and issued a $187.00 price objective on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, May 4th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, April 27th. Finally, Royal Bank Of Canada raised their price objective on shares of Costco Wholesale Corporation from $182.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $179.11.

In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total transaction of $906,600.00. Following the transaction, the insider now owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,000 shares of company stock valued at $2,677,430. 0.74% of the stock is owned by company insiders.

About Costco Wholesale Corporation

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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