Davis R M Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 111,869 shares of the retailer’s stock after acquiring an additional 8,069 shares during the period. Davis R M Inc.’s holdings in Costco Wholesale were worth $18,379,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in COST. Vanguard Group Inc. lifted its position in Costco Wholesale by 2.9% in the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock worth $5,380,168,000 after purchasing an additional 937,121 shares during the period. BlackRock Inc. lifted its position in Costco Wholesale by 2.9% in the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock worth $3,983,097,000 after purchasing an additional 703,825 shares during the period. Capital World Investors lifted its position in Costco Wholesale by 6.0% in the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock worth $2,843,102,000 after purchasing an additional 1,007,720 shares during the period. FMR LLC lifted its position in Costco Wholesale by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after purchasing an additional 177,200 shares during the period. Finally, Capital Research Global Investors lifted its position in Costco Wholesale by 2.3% in the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock worth $1,484,350,000 after purchasing an additional 207,675 shares during the period. Institutional investors and hedge funds own 71.49% of the company’s stock.

Shares of Costco Wholesale Co. (COST) opened at $192.73 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $84,221.08, a PE ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 12-month low of $150.00 and a 12-month high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion during the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 23.41% and a net margin of 2.09%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. analysts anticipate that Costco Wholesale Co. will post 6.5 EPS for the current year.

The company also recently disclosed 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 of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. Costco Wholesale’s payout ratio is 31.80%.

COST has been the subject of a number of analyst reports. Robert W. Baird reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Thursday, August 31st. Stifel Nicolaus reissued a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale in a report on Monday, October 9th. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective for the company. in a report on Monday, November 6th. J P Morgan Chase & Co reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have issued a buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and an average price target of $184.20.

In related news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the sale, the director now directly owns 8,654 shares in the company, valued at $1,585,932.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of 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 quarter, insiders sold 32,842 shares of company stock valued at $5,520,848. Corporate insiders own 0.74% of the company’s stock.

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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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