Bath Savings Trust Co acquired a new stake in Costco Wholesale Corporation (NASDAQ:COST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,550 shares of the retailer’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Marshall & Sullivan Inc. WA grew its stake in shares of Costco Wholesale Corporation by 0.6% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after buying an additional 10 shares in the last quarter. Accredited Investors Inc. grew its stake in shares of Costco Wholesale Corporation by 0.8% in the first quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock valued at $361,000 after buying an additional 17 shares in the last quarter. FormulaFolio Investments LLC grew its stake in shares of Costco Wholesale Corporation by 0.5% in the first quarter. FormulaFolio Investments LLC now owns 3,530 shares of the retailer’s stock valued at $592,000 after buying an additional 18 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its stake in shares of Costco Wholesale Corporation by 0.7% in the first quarter. McKinley Carter Wealth Services Inc. now owns 3,063 shares of the retailer’s stock valued at $514,000 after buying an additional 20 shares in the last quarter. Finally, Ironwood Investment Management LLC grew its stake in shares of Costco Wholesale Corporation by 1.2% in the first quarter. Ironwood Investment Management LLC now owns 1,703 shares of the retailer’s stock valued at $286,000 after buying an additional 20 shares in the last quarter. 72.50% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on COST shares. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a research note on Tuesday, May 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Finally, BidaskClub cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has an average rating of “Buy” and an average price target of $179.23.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 3,000 shares of company stock worth $477,120. Corporate insiders own 0.74% of the company’s stock.

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Costco Wholesale Corporation (NASDAQ COST) traded up 2.02% during trading on Wednesday, reaching $163.27. The company’s stock had a trading volume of 2,848,668 shares. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a 50 day moving average of $156.74 and a 200 day moving average of $165.59. The stock has a market capitalization of $71.61 billion, a price-to-earnings ratio of 28.35 and a beta of 0.93.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Wednesday, August 16th. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s payout ratio is 34.66%.

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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