AE Wealth Management LLC purchased a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,143 shares of the retailer’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Mercer Capital Advisers Inc. increased its position in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the period. Mosaic Family Wealth LLC increased its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares during the period. CKW Financial Group increased its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after buying an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its position in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock valued at $154,000 after buying an additional 540 shares during the period. Finally, Barometer Capital Management Inc. bought a new position in shares of Costco Wholesale Corporation during the first quarter valued at about $168,000. Institutional investors and hedge funds own 74.14% of the company’s stock.

Costco Wholesale Corporation (COST) opened at 156.95 on Tuesday. The firm has a market capitalization of $68.84 billion, a price-to-earnings ratio of 27.25 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company has a 50 day moving average price of $158.29 and a 200-day moving average price of $168.02.

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

The firm also recently disclosed 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 of this dividend is Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.27%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.

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Several brokerages recently issued reports on COST. Bank of America Corporation reiterated a “buy” rating and set a $192.00 price target (up previously from $180.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. 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 report on Monday, July 31st. Barclays PLC upgraded shares of Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $170.00 to $185.00 in a research report on Thursday, April 20th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Friday, May 26th. Finally, UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned 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 $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 Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the sale, the director now owns 5,974 shares in the company, valued at approximately $957,512.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $181.32, for a total value of $906,600.00. Following the completion of the sale, the insider now owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,000 shares of company stock valued at $2,677,430. Company 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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