Virtu KCG Holdings LLC increased its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 165.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,559 shares of the retailer’s stock after acquiring an additional 11,566 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Costco Wholesale Corporation were worth $2,968,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of COST. Brightworth lifted its position in Costco Wholesale Corporation by 0.3% during the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after purchasing an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR lifted its position in Costco Wholesale Corporation by 0.4% during the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after purchasing an additional 7 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its position in Costco Wholesale Corporation by 0.3% during the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock valued at $404,000 after purchasing an additional 7 shares during the last quarter. Marshall & Sullivan Inc. WA lifted its position in Costco Wholesale Corporation by 0.6% during the first quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after purchasing an additional 10 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Costco Wholesale Corporation by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after purchasing an additional 12 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 $172.48 on Thursday. Costco Wholesale Corporation has a 1-year low of $150.00 and a 1-year high of $183.18. The firm has a market cap of $75,782.73, a PE ratio of 29.80, a PEG ratio of 2.77 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 (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same period last year, the business earned $1.77 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. sell-side analysts predict that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued 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 is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.

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In other news, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total value of $380,700.00. Following the sale, the director now directly owns 4,109 shares in the company, valued at approximately $665,658. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John D. Mckay sold 8,111 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were 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 in the company, valued at $11,533,237.78. The disclosure for this sale can be found here. Insiders sold a total of 30,842 shares of company stock worth $5,128,658 over the last 90 days. Company insiders own 0.74% of the company’s stock.

Several equities analysts have commented on COST shares. Deutsche Bank AG reiterated a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. increased their price objective on shares of Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Morgan Stanley lowered shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Twelve investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Costco Wholesale Corporation presently has a consensus rating of “Buy” and a consensus price target of $178.34.

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.

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

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