Westside Investment Management Inc. raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,114 shares of the retailer’s stock after acquiring an additional 3 shares during the quarter. Westside Investment Management Inc.’s holdings in Costco Wholesale were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new stake in Costco Wholesale during the 2nd quarter valued at $3,199,000. Moors & Cabot Inc. raised its holdings in Costco Wholesale by 167.6% during the 2nd quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock valued at $2,763,000 after acquiring an additional 10,821 shares during the period. Alpine Global Management LLC raised its holdings in Costco Wholesale by 114.7% during the 2nd quarter. Alpine Global Management LLC now owns 6,000 shares of the retailer’s stock valued at $960,000 after acquiring an additional 3,205 shares during the period. Cubist Systematic Strategies LLC raised its holdings in Costco Wholesale by 669.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,776 shares of the retailer’s stock valued at $1,244,000 after acquiring an additional 6,765 shares during the period. Finally, Carret Asset Management LLC raised its holdings in Costco Wholesale by 2.7% during the 2nd quarter. Carret Asset Management LLC now owns 1,619 shares of the retailer’s stock valued at $259,000 after acquiring an additional 42 shares during the period. 71.46% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Co. (NASDAQ COST) opened at $185.13 on Friday. Costco Wholesale Co. has a 1 year low of $150.00 and a 1 year high of $185.18. The stock has a market cap of $80,593.98, a price-to-earnings ratio of 31.69, a P/E/G ratio of 2.94 and a beta of 0.98. 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 (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The company had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. analysts predict that Costco Wholesale Co. will post 6.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.50 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.00 annualized dividend and a yield of 1.08%. Costco Wholesale’s dividend payout ratio (DPR) is presently 32.89%.

In other Costco Wholesale news, Director Richard M. Libenson sold 2,350 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares in the company, valued at $665,658. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the sale, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,842 shares of company stock valued at $4,971,068. Company insiders own 0.74% of the company’s stock.

Several research firms have recently weighed in on COST. Vetr cut shares of Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price target on the stock. in a report on Friday. Oppenheimer reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Thursday. Zacks Investment Research cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $173.00 price target on shares of Costco Wholesale in a report on Monday, October 9th. Finally, Deutsche Bank set a $155.00 price target on shares of Costco Wholesale and gave the stock a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $178.71.

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About Costco Wholesale

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 (NASDAQ:COST)

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