Nicolet Bankshares Inc. grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,120 shares of the retailer’s stock after purchasing an additional 145 shares during the quarter. Nicolet Bankshares Inc.’s holdings in Costco Wholesale Corporation were worth $819,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN raised its holdings in Costco Wholesale Corporation by 11.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Costco Wholesale Corporation during the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. raised its holdings in Costco Wholesale Corporation by 43.4% during the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after purchasing an additional 201 shares during the last quarter. Mosaic Family Wealth LLC raised its holdings in Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the last quarter. Finally, Ledyard National Bank raised its holdings in Costco Wholesale Corporation by 19.1% during the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.

In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total transaction of $160,280.00. Following the sale, the director now directly owns 5,974 shares of the company’s stock, valued at $957,512.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 3,000 shares of company stock valued at $477,120 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

Several research analysts have issued reports on COST shares. Citigroup Inc. raised their price target on shares of Costco Wholesale Corporation from $196.00 to $201.00 and gave the stock a “buy” rating in a report on Tuesday, May 30th. BMO Capital Markets set a $195.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Saturday, May 27th. Royal Bank Of Canada lifted their price objective on shares of Costco Wholesale Corporation from $182.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale Corporation from $185.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $179.23.

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Costco Wholesale Corporation (COST) opened at 162.99 on Thursday. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The company has a 50 day moving average of $156.74 and a 200-day moving average of $165.59. The stock has a market capitalization of $71.49 billion, a P/E ratio of 28.30 and a beta of 0.93.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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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