Shell Asset Management Co. raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,183 shares of the retailer’s stock after buying an additional 350 shares during the period. Shell Asset Management Co.’s holdings in Costco Wholesale Corporation were worth $12,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after buying an additional 239,479 shares during the period. FMR LLC increased its stake in Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after buying an additional 177,200 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $1,048,798,000 after buying an additional 79,201 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Finally, Janus Capital Management LLC increased its stake in Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 152.55 on Tuesday. The stock’s 50 day moving average is $155.03 and its 200-day moving average is $167.02. The company has a market capitalization of $66.91 billion, a P/E ratio of 26.48 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

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A number of analysts recently issued reports on the company. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a research report on Monday, August 21st. BidaskClub raised Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $179.56.

In other news, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The disclosure for this sale can be found here. Insiders have sold 15,000 shares of company stock valued at $2,677,430 in the last ninety days. Insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation Company Profile

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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