Peachtree Investment Advisors Inc. boosted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 10.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,705 shares of the retailer’s stock after purchasing an additional 790 shares during the quarter. Costco Wholesale Corporation comprises about 1.2% of Peachtree Investment Advisors Inc.’s investment portfolio, making the stock its 26th largest holding. Peachtree Investment Advisors Inc.’s holdings in Costco Wholesale Corporation were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its holdings 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 purchasing an additional 201 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Costco Wholesale Corporation in the second quarter valued at about $107,000. Mosaic Family Wealth LLC increased its holdings 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 purchasing an additional 100 shares during the last quarter. CKW Financial Group increased its holdings 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 purchasing an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings 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 valued at $154,000 after purchasing an additional 540 shares during the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

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In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 5,974 shares of the company’s stock, valued at $957,512.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $477,120. 0.74% of the stock is currently owned by corporate insiders.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.12% during mid-day trading on Friday, hitting $161.29. The stock had a trading volume of 1,535,895 shares. The firm’s 50-day moving average price is $157.91 and its 200-day moving average price is $165.08. The stock has a market cap of $70.74 billion, a PE ratio of 28.00 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

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

A number of equities research analysts recently commented on the company. Bank of America Corporation reiterated a “buy” rating and issued a $192.00 price objective (up previously from $180.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Deutsche Bank AG set a $172.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a report on Monday, July 31st. UBS AG upgraded Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $185.00 to $160.00 in a report on Monday, July 10th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $179.37.

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.

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

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