Bingham Osborn & Scarborough LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 18.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,395 shares of the retailer’s stock after acquiring an additional 525 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in Costco Wholesale Corporation were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bourgeon Capital Management LLC boosted its holdings in shares of Costco Wholesale Corporation by 4.1% in the 2nd quarter. Bourgeon Capital Management LLC now owns 21,355 shares of the retailer’s stock worth $3,415,000 after acquiring an additional 840 shares in the last quarter. Abbrea Capital LLC boosted its holdings in shares of Costco Wholesale Corporation by 1.7% in the 2nd quarter. Abbrea Capital LLC now owns 17,988 shares of the retailer’s stock worth $2,877,000 after acquiring an additional 296 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Costco Wholesale Corporation by 27.7% in the 2nd quarter. Wedbush Securities Inc. now owns 15,661 shares of the retailer’s stock worth $2,505,000 after acquiring an additional 3,393 shares in the last quarter. IFC Holdings Incorporated FL boosted its holdings in shares of Costco Wholesale Corporation by 2.0% in the 2nd quarter. IFC Holdings Incorporated FL now owns 2,196 shares of the retailer’s stock worth $353,000 after acquiring an additional 43 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of Costco Wholesale Corporation by 28.3% in the 2nd quarter. Sigma Planning Corp now owns 11,203 shares of the retailer’s stock worth $1,792,000 after acquiring an additional 2,472 shares in the last quarter. 72.34% of the stock is currently owned by institutional investors and hedge funds.

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Costco Wholesale Corporation (NASDAQ:COST) opened at 156.87 on Wednesday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The stock’s 50 day moving average is $159.88 and its 200-day moving average is $164.64. The firm has a market capitalization of $68.58 billion, a P/E ratio of 25.80 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. Analysts forecast that Costco Wholesale Corporation will post $6.43 EPS for the current year.

COST has been the topic of several recent analyst reports. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a report on Monday, August 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 24th. BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 3rd. Finally, Morgan Stanley downgraded Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $190.00 to $165.00 in a report on Friday, October 6th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Costco Wholesale Corporation has an average rating of “Buy” and a consensus target price of $178.50.

In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,099,032.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 3,000 shares of company stock valued at $481,760 over the last quarter. Corporate insiders own 0.74% of the company’s stock.

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.

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

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