AQR Capital Management LLC boosted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 46.6% during the first quarter, Holdings Channel reports. The firm owned 531,356 shares of the retailer’s stock after buying an additional 168,954 shares during the period. AQR Capital Management LLC’s holdings in Costco Wholesale Corporation were worth $89,103,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its position in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the last quarter. Swiss National Bank raised its position in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Costco Wholesale Corporation by 40.8% in the first quarter. Teachers Advisors LLC now owns 1,089,081 shares of the retailer’s stock valued at $182,628,000 after buying an additional 315,512 shares during the last quarter. American Century Companies Inc. raised its position in shares of Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock valued at $368,466,000 after buying an additional 289,788 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Costco Wholesale Corporation during the first quarter valued at $46,978,000. Institutional investors own 74.14% of the company’s stock.

Shares of Costco Wholesale Corporation (COST) traded up 0.01% during trading on Friday, reaching $156.65. The company had a trading volume of 1,886,996 shares. The firm has a market capitalization of $68.71 billion, a PE ratio of 27.20 and a beta of 0.93. The stock has a 50 day moving average price of $155.46 and a 200 day moving average price of $167.57. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The company had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. On average, equities research analysts forecast that Costco Wholesale Corporation will post $5.77 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.50 dividend. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

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Several brokerages have recently weighed in on COST. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 3rd. Stifel Nicolaus set a $173.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a report on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation presently has an average rating of “Buy” and a consensus target price of $179.11.

In other news, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the sale, the insider now directly owns 62,607 shares in the company, valued at $11,369,431.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the sale, the director now owns 4,974 shares in the company, valued at $792,109.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,000 shares of company stock worth $2,677,430. Company insiders own 0.74% of the company’s stock.

About Costco Wholesale Corporation

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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