Ken Stern & Associates Inc. held its position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,329 shares of the retailer’s stock at the close of the second quarter. Ken Stern & Associates Inc.’s holdings in Costco Wholesale Corporation were worth $210,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COST. Delta Asset Management LLC TN grew its stake in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new position in Costco Wholesale Corporation in the second quarter valued at about $101,000. Northwest Investment Counselors LLC acquired a new position in Costco Wholesale Corporation in the second quarter valued at about $107,000. Mercer Capital Advisers Inc. grew its stake in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after acquiring an additional 23 shares during the period. Finally, Ledyard National Bank grew its stake in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after acquiring an additional 130 shares during the period. 72.76% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (COST) opened at $170.98 on Friday. The firm has a market capitalization of $73,851.24, a P/E ratio of 29.04, a PEG ratio of 2.70 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.43 and a current ratio of 0.99. Costco Wholesale Corporation has a 52 week low of $149.52 and a 52 week high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. research analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 32.89%.

A number of research analysts have issued reports on the company. Wells Fargo & Company set a $170.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank AG set a $155.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Friday, October 6th. Citigroup Inc. boosted their target price on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research note on Friday, October 6th. Oppenheimer Holdings, Inc. set a $185.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Morgan Stanley cut Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $190.00 to $165.00 in a research note on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $178.34.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John D. Mckay sold 8,111 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.78, for a total value of $1,401,418.58. Following the transaction, the insider now owns 66,751 shares in the company, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,842 shares of company stock worth $5,128,658. 0.74% of the stock is owned by corporate insiders.

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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.

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

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