Crescent Grove Advisors LLC bought a new stake in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,772 shares of the retailer’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its stake in shares of Costco Wholesale Corporation by 10.4% in the second quarter. First Trust Advisors LP now owns 127,590 shares of the retailer’s stock valued at $20,405,000 after acquiring an additional 12,071 shares during the period. Summit Securities Group LLC increased its stake in Costco Wholesale Corporation by 15.2% in the 2nd quarter. Summit Securities Group LLC now owns 3,100 shares of the retailer’s stock worth $496,000 after buying an additional 408 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Costco Wholesale Corporation by 8.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 153,809 shares of the retailer’s stock worth $24,599,000 after buying an additional 11,446 shares during the period. National Planning Corp increased its stake in Costco Wholesale Corporation by 6.3% in the 2nd quarter. National Planning Corp now owns 15,145 shares of the retailer’s stock worth $2,405,000 after buying an additional 903 shares during the period. Finally, Cadinha & Co. LLC increased its stake in Costco Wholesale Corporation by 7.3% in the 2nd quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after buying an additional 8,518 shares during the period. 72.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Costco Wholesale Corporation (COST) opened at 157.09 on Monday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company has a 50-day moving average of $159.96 and a 200-day moving average of $164.83. The firm has a market capitalization of $68.68 billion, a PE ratio of 25.84 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The firm had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 earnings per share. Equities research analysts predict that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock valued at $481,760 over the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

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Several research analysts recently commented on the stock. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Vetr downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price target on the stock. in a research note on Monday, June 19th. Cowen and Company reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Monday, July 24th. Finally, Stifel Nicolaus set a $173.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average target price of $178.39.

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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