Bredin Investment LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,960 shares of the retailer’s stock, valued at approximately $934,000.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after acquiring an additional 937,121 shares in the last quarter. BlackRock Inc. boosted its position in shares of Costco Wholesale by 2.9% during the 2nd quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after acquiring an additional 703,825 shares in the last quarter. Capital World Investors boosted its position in shares of Costco Wholesale by 6.0% during the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after acquiring an additional 1,007,720 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Costco Wholesale by 2.3% during the 2nd quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after acquiring an additional 207,675 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale by 14.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,805,874 shares of the retailer’s stock worth $1,118,138,000 after acquiring an additional 858,969 shares in the last quarter. Hedge funds and other institutional investors own 72.27% of the company’s stock.

Several analysts recently issued reports on the stock. Vetr upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target on the stock in a research report on Monday. BMO Capital Markets set a $223.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Friday, January 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Costco Wholesale in a research report on Friday, January 12th. Finally, Oppenheimer increased their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $189.97.

In other news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $193.41, for a total transaction of $580,230.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,673,770.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $188.62, for a total transaction of $943,100.00. Following the transaction, the insider now directly owns 30,853 shares of the company’s stock, valued at approximately $5,819,492.86. The disclosure for this sale can be found here. Insiders have sold 99,296 shares of company stock valued at $18,810,236 in the last ninety days. Insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (NASDAQ:COST) opened at $178.61 on Friday. The stock has a market cap of $80,439.81, a price-to-earnings ratio of 30.48, a PEG ratio of 2.99 and a beta of 0.99. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.24 earnings per share. sell-side analysts forecast that Costco Wholesale Co. will post 6.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Thursday, February 15th. Costco Wholesale’s payout ratio is currently 31.80%.

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About Costco Wholesale

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 (NASDAQ:COST)

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