Northstar Group Inc. grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,977 shares of the retailer’s stock after buying an additional 197 shares during the quarter. Costco Wholesale Corporation accounts for 2.0% of Northstar Group Inc.’s investment portfolio, making the stock its 8th largest position. Northstar Group Inc.’s holdings in Costco Wholesale Corporation were worth $3,195,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Costco Wholesale Corporation in the second quarter valued at approximately $107,000. Mercer Capital Advisers Inc. increased its position in shares of 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 buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC increased its position in shares of 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 buying an additional 100 shares in the last quarter. CKW Financial Group increased its position in shares of 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 buying an additional 200 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of 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 buying an additional 540 shares in the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.60% during trading on Monday, reaching $162.25. The company had a trading volume of 739,475 shares. The company has a market capitalization of $71.16 billion, a P/E ratio of 28.17 and a beta of 0.93. The firm’s 50 day moving average is $157.91 and its 200-day moving average is $165.08. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

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

A number of analysts have recently commented on the company. Robert W. Baird restated an “outperform” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday. Zacks Investment Research upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 19th. Deutsche Bank AG reiterated a “hold” rating and set a $172.00 price target on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Guggenheim reiterated a “neutral” rating and set a $140.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $185.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $179.37.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 3,000 shares of company stock valued at $477,120. 0.74% of the stock is owned by company insiders.

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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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