Sei Investments Co. raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309,809 shares of the retailer’s stock after buying an additional 375 shares during the period. Sei Investments Co. owned approximately 0.07% of Costco Wholesale Corporation worth $51,952,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Research LLC raised its position in shares of Costco Wholesale Corporation by 4.9% in the first quarter. Main Street Research LLC now owns 64,704 shares of the retailer’s stock valued at $10,850,000 after buying an additional 3,023 shares during the period. Bank of New York Mellon Corp raised its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the period. Swiss National Bank raised its position in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Costco Wholesale Corporation by 3.5% in the first quarter. Gamco Investors INC. ET AL now owns 31,724 shares of the retailer’s stock valued at $5,320,000 after buying an additional 1,060 shares during the period. Finally, Checchi Capital Advisers LLC increased its stake in Costco Wholesale Corporation by 7.8% in the first quarter. Checchi Capital Advisers LLC now owns 4,594 shares of the retailer’s stock valued at $770,000 after buying an additional 331 shares in the last quarter. Institutional investors own 74.11% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded down 2.09% during midday trading on Thursday, reaching $157.91. 5,560,491 shares of the company’s stock traded hands. The stock has a 50-day moving average of $158.29 and a 200 day moving average of $168.02. The company has a market cap of $69.26 billion, a P/E ratio of 27.41 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. Costco Wholesale Corporation also saw some unusual options trading on Monday. Stock traders purchased 23,946 call options on the stock. This is an increase of approximately 132% compared to the typical volume of 10,326 call options.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company had revenue of $28.86 billion during the quarter, compared to the consensus estimate of $28.57 billion. During the same quarter in the prior year, the firm posted $1.24 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.

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Several analysts recently issued reports on the stock. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday. Stifel Nicolaus set a $173.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Monday. Finally, Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $179.11.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were 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 approximately $792,109.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the sale, the vice president now directly owns 48,845 shares of the company’s stock, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock valued at $2,677,430 in the last three months. 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.

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

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