State of Alaska Department of Revenue raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,645 shares of the retailer’s stock after purchasing an additional 6,247 shares during the quarter. Costco Wholesale Corporation accounts for approximately 1.0% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 16th biggest holding. State of Alaska Department of Revenue’s holdings in Costco Wholesale Corporation were worth $14,495,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COST. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale Corporation in the second quarter worth about $107,000. Mercer Capital Advisers Inc. raised its position in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after acquiring an additional 201 shares during the period. Mosaic Family Wealth LLC raised its position in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after acquiring an additional 100 shares during the period. CKW Financial Group raised its position in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after acquiring an additional 200 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after acquiring an additional 540 shares during the period. 72.35% of the stock is currently owned by institutional investors.

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A number of brokerages have weighed in on COST. Robert W. Baird reiterated an “outperform” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday. Zacks Investment Research upgraded shares of Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price target for the company in a research report on Tuesday, September 19th. Deutsche Bank AG restated a “hold” rating and set a $172.00 price target on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Guggenheim restated a “neutral” rating and set a $140.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $185.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and a consensus price target of $179.37.

Shares of Costco Wholesale Corporation (NASDAQ COST) traded up 1.21% during midday trading on Tuesday, reaching $164.29. 1,207,432 shares of the company traded hands. The company has a 50 day moving average of $157.91 and a 200 day moving average of $165.08. The firm has a market capitalization of $72.06 billion, a P/E ratio of 28.52 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 business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were issued a $0.50 dividend. The ex-dividend date of this dividend 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 yield of 1.24%. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.

In related news, Director John W. Meisenbach sold 1,000 shares of the company’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 sale, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,000 shares of company stock worth $477,120 over the last ninety days. 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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