Advisor Partners LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,232 shares of the retailer’s stock after purchasing an additional 906 shares during the period. Advisor Partners LLC’s holdings in Costco Wholesale were worth $2,160,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $101,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $102,000. Jacobus Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $103,000. Shamrock Asset Management LLC grew its position in shares of Costco Wholesale by 171.3% during the 3rd quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after purchasing an additional 418 shares in the last quarter. Finally, Zions Bancorporation grew its position in shares of Costco Wholesale by 148.4% during the 3rd quarter. Zions Bancorporation now owns 688 shares of the retailer’s stock worth $113,000 after purchasing an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 72.06% of the company’s stock.

A number of research analysts have issued reports on the stock. Argus increased their target price on shares of Costco Wholesale to $200.00 and gave the stock a “buy” rating in a research report on Monday. Vetr upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $200.28 target price on the stock in a research report on Monday. BMO Capital Markets set a $223.00 target price on shares of Costco Wholesale and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 target price on the stock in a research report on Friday, January 12th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $195.00 price target on shares of Costco Wholesale in a research report on Friday, January 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Costco Wholesale presently has an average rating of “Buy” and a consensus target price of $190.36.

In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $183.26, for a total value of $549,780.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $187.48, for a total transaction of $937,400.00. Following the transaction, the vice president now directly owns 53,834 shares of the company’s stock, valued at approximately $10,092,798.32. The disclosure for this sale can be found here. In the last three months, insiders sold 91,185 shares of company stock valued at $17,408,817. 0.58% of the stock is owned by insiders.

Costco Wholesale Co. (NASDAQ COST) opened at $187.35 on Thursday. The company has a market cap of $82,280.00, a P/E ratio of 29.79, a P/E/G ratio of 2.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 52 week low of $150.00 and a 52 week high of $199.88.

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 Thomson Reuters’ consensus estimate of $1.35 by $0.01. The business had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 EPS. equities analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 15th. Costco Wholesale’s payout ratio is 31.80%.

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Costco Wholesale 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 (NASDAQ:COST)

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