California Public Employees Retirement System lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,004,655 shares of the retailer’s stock after acquiring an additional 10,400 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Costco Wholesale Corporation worth $160,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COST. Delta Asset Management LLC TN grew its stake in shares of Costco Wholesale Corporation by 11.6% during the second 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 period. Almanack Investment Partners LLC. acquired a new stake in shares of Costco Wholesale Corporation during the second quarter worth $101,000. Northwest Investment Counselors LLC acquired a new stake in shares of Costco Wholesale Corporation during the second quarter worth $107,000. Mercer Capital Advisers Inc. grew its stake in shares of Costco Wholesale Corporation by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after purchasing an additional 23 shares during the period. Finally, Ledyard National Bank grew its stake in shares of Costco Wholesale Corporation by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the period. Institutional investors own 73.54% of the company’s stock.

A number of brokerages recently commented on COST. Robert W. Baird reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research note on Friday. Wells Fargo & Company set a $170.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank AG set a $155.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. Citigroup Inc. lifted their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Oppenheimer Holdings, Inc. set a $185.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, October 6th. Twelve research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $178.34.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at $170.98 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. The stock has a market capitalization of $74,716.48, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.73 and a beta of 0.93. Costco Wholesale Corporation has a 52 week low of $149.52 and a 52 week 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 (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. The firm 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%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. equities research analysts forecast 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. Shareholders of record on Friday, November 17th will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 16th. This represents a $2.00 annualized dividend and a yield of 1.17%. Costco Wholesale Corporation’s dividend payout ratio is 32.89%.

In other news, insider John D. Mckay sold 8,111 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.78, for a total value of $1,401,418.58. Following the transaction, the insider now owns 66,751 shares of the company’s stock, valued at $11,533,237.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the company’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 completion of the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock worth $5,128,658 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.

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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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