Nationwide Fund Advisors increased its position in Costco Wholesale Co. (NASDAQ:COST) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 341,892 shares of the retailer’s stock after purchasing an additional 127,066 shares during the quarter. Nationwide Fund Advisors owned approximately 0.08% of Costco Wholesale worth $56,169,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COST. Janus Henderson Group PLC grew its stake in Costco Wholesale by 3,005.9% in the second quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock worth $668,630,000 after purchasing an additional 4,046,164 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Costco Wholesale by 15,937.3% during the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after buying an additional 1,439,613 shares during the period. Capital World Investors lifted its holdings in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after buying an additional 1,007,720 shares during the period. Vanguard Group Inc. lifted its holdings in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after buying an additional 937,121 shares during the period. Finally, BlackRock Inc. lifted its holdings in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after buying an additional 703,825 shares during the period. 71.49% of the stock is currently owned by institutional investors.

Shares of Costco Wholesale Co. (NASDAQ COST) opened at $192.73 on Friday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $195.35. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $87,020.00, a price-to-earnings ratio of 32.35, a PEG ratio of 3.05 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts expect that Costco Wholesale Co. will post 6.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. Costco Wholesale’s dividend payout ratio is presently 32.95%.

In related news, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now directly owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,842 shares of company stock valued at $5,520,848. Company insiders own 0.74% of the company’s stock.

A number of analysts have weighed in on the company. Robert W. Baird restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a report on Thursday, August 31st. Stifel Nicolaus restated a “buy” rating and set a $173.00 target price on shares of Costco Wholesale in a report on Monday, October 9th. Vetr lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 target price for the company. in a report on Monday, November 6th. J P Morgan Chase & Co restated a “buy” rating and set a $200.00 target price on shares of Costco Wholesale in a report on Monday, December 4th. Finally, Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have assigned a buy rating to the company. Costco Wholesale has a consensus rating of “Buy” and an average price target of $183.46.

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Costco Wholesale 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 (NASDAQ:COST)

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