OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 27.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,826 shares of the retailer’s stock after buying an additional 1,926 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Costco Wholesale Corporation were worth $1,480,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. raised 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 worth $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC raised 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 worth $117,000 after buying an additional 100 shares during the period. CKW Financial Group raised 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 worth $135,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after buying an additional 22 shares during the period. Institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (COST) traded up 0.01% during mid-day trading on Friday, reaching $156.65. 1,886,996 shares of the company traded hands. The firm has a market capitalization of $68.71 billion, a P/E ratio of 27.20 and a beta of 0.93. The company’s 50 day moving average price is $155.46 and its 200 day moving average price is $167.57. 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 released its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Costco Wholesale Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Corporation will post $5.77 EPS for the current year.

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

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A number of equities analysts have recently commented on the stock. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Stifel Nicolaus set a $173.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 target price for the company in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation has a consensus rating of “Buy” and an average price target of $179.11.

In other Costco Wholesale Corporation news, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total value of $906,600.00. Following the sale, the insider now owns 28,786 shares in the company, valued at $5,219,477.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the sale, the director now owns 5,974 shares in the company, valued at approximately $957,512.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $2,677,430 in the last 90 days. 0.74% of the stock is currently owned by insiders.

Costco Wholesale Corporation Company Profile

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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