Peoples Bank OH continued to hold its position in Costco Wholesale Corporation (NASDAQ:COST) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,404 shares of the retailer’s stock at the close of the second quarter. Peoples Bank OH’s holdings in Costco Wholesale Corporation were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Delta Asset Management LLC TN increased its holdings in Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after buying an additional 65 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in Costco Wholesale Corporation in the second quarter valued at $107,000. Mercer Capital Advisers Inc. increased its holdings in 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 in the last quarter. Mosaic Family Wealth LLC increased its holdings in 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 in the last quarter. Finally, Ledyard National Bank increased its holdings in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after buying an additional 130 shares in the last quarter. 72.35% of the stock is owned by institutional investors.

Costco Wholesale Corporation (NASDAQ:COST) opened at 160.91 on Tuesday. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The stock has a 50 day moving average of $157.83 and a 200 day moving average of $165.14. The firm has a market capitalization of $70.57 billion, a price-to-earnings ratio of 27.94 and a beta of 0.93.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a $0.50 dividend. The ex-dividend date was Wednesday, August 16th. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the sale, the director now directly owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,000 shares of company stock worth $477,120 over the last three months. Corporate insiders own 0.74% of the company’s stock.

A number of research firms have weighed in on COST. Bank of America Corporation reaffirmed a “buy” rating and issued a $192.00 price objective (up previously from $180.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a report on Monday, July 31st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a report on Friday, May 26th. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Finally, BMO Capital Markets cut shares of Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $185.00 to $160.00 in a report on Monday, July 10th. Eleven research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $179.23.

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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.

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

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