Bluestein R H & Co. increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 266,121 shares of the retailer’s stock after buying an additional 1,058 shares during the quarter. Costco Wholesale Corporation comprises 2.5% of Bluestein R H & Co.’s investment portfolio, making the stock its 15th biggest holding. Bluestein R H & Co. owned about 0.06% of Costco Wholesale Corporation worth $42,561,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in COST. Family Legacy Inc. purchased a new position in shares of Costco Wholesale Corporation in the 1st quarter valued at approximately $430,000. Keybank National Association OH grew its stake in shares of Costco Wholesale Corporation by 0.3% in the 1st quarter. Keybank National Association OH now owns 391,846 shares of the retailer’s stock valued at $65,709,000 after purchasing an additional 1,261 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Costco Wholesale Corporation by 76.8% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 88,729 shares of the retailer’s stock valued at $14,879,000 after purchasing an additional 38,534 shares during the last quarter. RWC Asset Management LLP grew its stake in shares of Costco Wholesale Corporation by 65.7% in the 1st quarter. RWC Asset Management LLP now owns 47,896 shares of the retailer’s stock valued at $8,032,000 after purchasing an additional 18,992 shares during the last quarter. Finally, Marietta Wealth Management LLC grew its stake in shares of Costco Wholesale Corporation by 24.1% in the 1st quarter. Marietta Wealth Management LLC now owns 7,466 shares of the retailer’s stock valued at $1,252,000 after purchasing an additional 1,449 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at $172.28 on Tuesday. The company has a market capitalization of $75,280.00, a price-to-earnings ratio of 29.38, a PEG ratio of 2.73 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 1 year low of $150.00 and a 1 year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The business 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 22.21% and a net margin of 2.08%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.

COST has been the topic of several analyst reports. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a research note on Monday, August 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating and issued a $190.00 target price (up from $187.00) on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Robert W. Baird set a $200.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 target price (up from $184.00) on shares of Costco Wholesale Corporation in a research note on Friday, October 6th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Costco Wholesale Corporation has a consensus rating of “Buy” and an average price target of $178.34.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 8,111 shares of the business’s 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 completion of the sale, 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 SEC, which is available through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the sale, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,842 shares of company stock valued at $5,128,658. Company insiders own 0.74% of the company’s stock.

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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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