Birinyi Associates Inc raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 97.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,650 shares of the retailer’s stock after buying an additional 1,800 shares during the period. Birinyi Associates Inc’s holdings in Costco Wholesale Corporation were worth $612,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Swiss National Bank increased its stake 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 in the last quarter. American Century Companies Inc. increased its stake in shares of Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock valued at $368,466,000 after buying an additional 289,788 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Costco Wholesale Corporation during the first quarter valued at about $46,978,000. Finally, Columbus Circle Investors acquired a new stake in shares of Costco Wholesale Corporation during the first quarter valued at about $39,312,000. 72.51% of the stock is currently owned by institutional investors.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.25% on Wednesday, reaching $153.95. 725,317 shares of the company traded hands. The stock has a 50-day moving average of $155.03 and a 200 day moving average of $167.02. The company has a market capitalization of $67.52 billion, a PE ratio of 26.73 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.

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 annualized dividend and a yield of 1.30%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

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COST has been the topic of several research analyst reports. Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday, June 20th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $185.00 to $160.00 in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) downgraded Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and lowered their price target for the company from $197.00 to $176.00 in a research report on Friday, June 16th. Finally, BidaskClub downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One 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 company. The stock has a consensus rating of “Buy” and an average target price of $179.92.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the completion of the sale, the director now owns 5,974 shares of the company’s stock, valued at approximately $957,512.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now directly 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. Insiders have sold a total of 15,000 shares of company stock valued at $2,677,430 in the last three months. 0.74% of the stock is currently owned by corporate insiders.

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.

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

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