Bbva Compass Bancshares Inc. grew its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,781 shares of the retailer’s stock after purchasing an additional 225 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Costco Wholesale Corporation were worth $3,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Willow Creek Wealth Management Inc. grew its position in shares of Costco Wholesale Corporation by 0.4% in the second quarter. Willow Creek Wealth Management Inc. now owns 52,355 shares of the retailer’s stock valued at $8,373,000 after purchasing an additional 187 shares in the last quarter. Alpha Cubed Investments LLC grew its position in shares of Costco Wholesale Corporation by 22.5% in the second quarter. Alpha Cubed Investments LLC now owns 8,284 shares of the retailer’s stock valued at $1,325,000 after purchasing an additional 1,521 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Costco Wholesale Corporation by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 58,545 shares of the retailer’s stock valued at $9,363,000 after purchasing an additional 573 shares in the last quarter. Schnieders Capital Management LLC grew its position in shares of Costco Wholesale Corporation by 3.7% in the second quarter. Schnieders Capital Management LLC now owns 7,423 shares of the retailer’s stock valued at $1,187,000 after purchasing an additional 262 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its position in shares of Costco Wholesale Corporation by 15,937.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after purchasing an additional 1,439,613 shares in the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.

COST has been the subject of a number of analyst reports. Northcoast Research upgraded Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price target for the company in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and dropped 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) lowered Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and dropped their price target for the company from $197.00 to $176.00 in a research report on Friday, June 16th. Finally, BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average price target of $179.35.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 4,974 shares in the company, valued at approximately $792,109.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 3,000 shares of company stock worth $477,120 in the last quarter. 0.74% of the stock is currently owned by company insiders.

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Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 157.31 on Monday. 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 price of $156.29 and a 200-day moving average price of $166.01. The firm has a market capitalization of $69.00 billion, a PE ratio of 27.31 and a beta of 0.93.

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

Costco Wholesale Corporation 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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