BLB&B Advisors LLC maintained its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,640 shares of the retailer’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Costco Wholesale Corporation were worth $778,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mount Vernon Associates Inc. MD boosted its stake in shares of Costco Wholesale Corporation by 4.2% in the second quarter. Mount Vernon Associates Inc. MD now owns 13,545 shares of the retailer’s stock worth $2,166,000 after buying an additional 540 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Costco Wholesale Corporation by 29.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 14,424 shares of the retailer’s stock worth $2,307,000 after buying an additional 3,284 shares during the period. Whittier Trust Co. boosted its stake in shares of Costco Wholesale Corporation by 81.5% in the second quarter. Whittier Trust Co. now owns 39,777 shares of the retailer’s stock worth $6,361,000 after buying an additional 17,865 shares during the period. US Bancorp DE boosted its stake in shares of Costco Wholesale Corporation by 2.5% in the second quarter. US Bancorp DE now owns 480,252 shares of the retailer’s stock worth $76,808,000 after buying an additional 11,489 shares during the period. Finally, Reilly Financial Advisors LLC boosted its stake in shares of Costco Wholesale Corporation by 3.1% in the second quarter. Reilly Financial Advisors LLC now owns 3,967 shares of the retailer’s stock worth $635,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 74.14% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.28% during midday trading on Monday, reaching $156.00. 941,789 shares of the company traded hands. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The firm has a 50-day moving average of $158.29 and a 200-day moving average of $168.02. The stock has a market capitalization of $68.42 billion, a P/E ratio of 27.08 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ 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 period in the previous year, the company posted $1.24 earnings per share. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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A number of analysts have recently commented on the stock. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday. Stifel Nicolaus set a $173.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 price target on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average target price of $179.11.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the transaction, the insider now directly owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock valued at $2,677,430 over the last three months. 0.74% of the stock is currently owned by corporate insiders.

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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