Rampart Investment Management Company LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 304.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,734 shares of the retailer’s stock after acquiring an additional 16,355 shares during the period. Rampart Investment Management Company LLC’s holdings in Costco Wholesale were worth $4,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COST. CNB Bank grew its stake in Costco Wholesale by 17.2% in the 1st quarter. CNB Bank now owns 1,775 shares of the retailer’s stock worth $335,000 after buying an additional 261 shares in the last quarter. CENTRAL TRUST Co grew its stake in Costco Wholesale by 1.0% in the 4th quarter. CENTRAL TRUST Co now owns 26,520 shares of the retailer’s stock worth $4,936,000 after buying an additional 265 shares in the last quarter. Fiduciary Trust Co. grew its stake in Costco Wholesale by 3.0% in the 4th quarter. Fiduciary Trust Co. now owns 9,116 shares of the retailer’s stock worth $1,696,000 after buying an additional 265 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Costco Wholesale by 2.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 13,065 shares of the retailer’s stock worth $2,462,000 after buying an additional 265 shares in the last quarter. Finally, Boston Financial Mangement LLC grew its stake in Costco Wholesale by 0.3% in the 4th quarter. Boston Financial Mangement LLC now owns 107,714 shares of the retailer’s stock worth $20,048,000 after buying an additional 288 shares in the last quarter. 71.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of COST opened at $197.66 on Thursday. The firm has a market cap of $86.82 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 2.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 0.47. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $201.77.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.02. The business had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $31.89 billion. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.40 EPS. equities research analysts forecast that Costco Wholesale Co. will post 6.76 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $2.28 annualized dividend and a yield of 1.15%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.50. Costco Wholesale’s dividend payout ratio is presently 39.18%.

In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $186.91, for a total value of $560,730.00. Following the completion of the transaction, the director now directly owns 8,654 shares in the company, valued at approximately $1,617,519.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Russell D. Miller sold 12,393 shares of the company’s stock in a transaction on Thursday, April 19th. The stock was sold at an average price of $194.12, for a total transaction of $2,405,729.16. Following the completion of the transaction, the insider now owns 1 shares of the company’s stock, valued at $194.12. The disclosure for this sale can be found here. Insiders have sold a total of 62,067 shares of company stock valued at $11,712,562 in the last three months. 0.74% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $206.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. Argus boosted their price target on shares of Costco Wholesale from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Citigroup boosted their price target on shares of Costco Wholesale from $217.00 to $222.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 9th. Finally, Royal Bank of Canada boosted their price target on shares of Costco Wholesale to $213.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 29th. Eight analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $197.52.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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