Rafferty Asset Management LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,083 shares of the retailer’s stock after buying an additional 1,062 shares during the quarter. Rafferty Asset Management LLC’s holdings in Costco Wholesale Corporation were worth $2,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its holdings in shares of Costco Wholesale Corporation by 1.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 53,671 shares of the retailer’s stock valued at $8,584,000 after buying an additional 707 shares during the last quarter. Godsey & Gibb Associates boosted its holdings in shares of Costco Wholesale Corporation by 1.3% in the 2nd quarter. Godsey & Gibb Associates now owns 80,483 shares of the retailer’s stock valued at $12,871,000 after buying an additional 1,028 shares during the last quarter. Columbia Partners L L C Investment Management boosted its holdings in shares of Costco Wholesale Corporation by 1.5% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 56,971 shares of the retailer’s stock valued at $9,111,000 after buying an additional 830 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its holdings in shares of Costco Wholesale Corporation by 5.7% in the 2nd quarter. Birch Hill Investment Advisors LLC now owns 178,838 shares of the retailer’s stock valued at $28,602,000 after buying an additional 9,606 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Costco Wholesale Corporation in the 2nd quarter valued at approximately $222,000. 72.76% of the stock is owned by institutional investors.

Shares of Costco Wholesale Corporation (COST) opened at $170.98 on Friday. The firm has a market capitalization of $74,720.00, a PE ratio of 29.46, a P/E/G ratio of 2.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. Costco Wholesale Corporation has a 12 month low of $149.52 and a 12 month high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. Costco Wholesale Corporation’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. equities analysts predict that Costco Wholesale Corporation will post 6.45 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

COST has been the subject of several recent analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Citigroup Inc. increased their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a report on Friday, October 6th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Morgan Stanley downgraded Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $190.00 to $165.00 in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Twelve research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $178.34.

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In other news, insider John D. Mckay sold 8,111 shares of Costco Wholesale Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the sale, the insider now directly owns 66,751 shares of the company’s stock, valued at $11,533,237.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the sale, the chief financial officer now directly owns 35,225 shares in the company, valued at $6,021,713.75. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock worth $5,128,658 over the last ninety days. 0.74% of the stock is currently owned by insiders.

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.

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

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