Dynamic Advisors Solutions LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,484 shares of the retailer’s stock after purchasing an additional 66 shares during the quarter. Dynamic Advisors Solutions LLC’s holdings in Costco Wholesale Corporation were worth $1,357,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp increased its position in Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after purchasing an additional 239,479 shares during the period. FMR LLC grew its position in shares of Costco Wholesale Corporation by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares during the period. Bank of New York Mellon Corp grew its position in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after buying an additional 79,201 shares during the period. Ameriprise Financial Inc. grew its position in shares of Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares during the period. Finally, Janus Capital Management LLC grew its position in shares of Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) traded down 0.08% during midday trading on Monday, reaching $162.17. The company had a trading volume of 759,996 shares. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a market capitalization of $71.13 billion, a price-to-earnings ratio of 28.15 and a beta of 0.93. The stock’s 50 day moving average is $157.60 and its 200 day moving average is $165.44.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a dividend of $0.50 per share. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.

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Several research firms have recently issued reports on COST. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Tuesday, September 12th. Finally, BMO Capital Markets set a $195.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Friday, May 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $179.23.

In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,000 shares of company stock worth $477,120 over the last quarter. 0.74% of the stock is currently owned by corporate 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.

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

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