Pennsylvania Trust Co grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,724 shares of the retailer’s stock after buying an additional 3,577 shares during the quarter. Pennsylvania Trust Co’s holdings in Costco Wholesale Corporation were worth $6,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in COST. Mercer Capital Advisers Inc. raised its position in shares of Costco Wholesale Corporation by 43.4% during the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC raised its position in shares of Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. CKW Financial Group raised its position in shares of Costco Wholesale Corporation by 33.1% during the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Costco Wholesale Corporation by 142.1% during the 1st 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 in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Costco Wholesale Corporation by 67.3% during the 1st quarter. Proficio Capital Partners LLC now owns 927 shares of the retailer’s stock worth $160,000 after buying an additional 373 shares in the last quarter. Institutional investors own 72.35% of the company’s stock.

COST has been the topic of a number of recent analyst reports. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a research note on Monday, August 21st. Deutsche Bank AG reaffirmed a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $179.37.

In other 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 completion of the sale, the director now owns 4,974 shares of the company’s stock, valued at $792,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 3,000 shares of company stock valued at $477,120 in the last ninety days. Insiders own 0.74% of the company’s stock.

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Shares of Costco Wholesale Corporation (NASDAQ COST) traded down 0.63% during trading on Friday, reaching $160.46. 732,992 shares of the company were exchanged. The stock has a market capitalization of $70.38 billion, a price-to-earnings ratio of 27.86 and a beta of 0.93. The company has a 50 day moving average price of $157.91 and a 200-day moving average price of $165.08. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a dividend of $0.50 per share. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.24%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.

Costco Wholesale Corporation 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.

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

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