Birch Hill Investment Advisors LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 5.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 178,838 shares of the retailer’s stock after acquiring an additional 9,606 shares during the period. Costco Wholesale Corporation makes up about 2.5% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 15th largest position. Birch Hill Investment Advisors LLC’s holdings in Costco Wholesale Corporation were worth $28,602,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Delta Asset Management LLC TN boosted its position in shares of Costco Wholesale Corporation by 11.6% during the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after buying an additional 65 shares during the last quarter. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale Corporation during the second quarter valued at approximately $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation during the second quarter valued at approximately $107,000. Mercer Capital Advisers Inc. boosted its position in shares of Costco Wholesale Corporation by 3.5% during the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after buying an additional 23 shares during the last quarter. Finally, Ledyard National Bank boosted its position in shares of Costco Wholesale Corporation by 19.1% during the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after buying an additional 130 shares during the last quarter. 72.76% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Deutsche Bank AG set a $172.00 target price on Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reaffirmed a “buy” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Stifel Nicolaus reiterated a “buy” rating and set a $173.00 price target on shares of Costco Wholesale Corporation in a report on Monday, October 9th. Vetr lowered Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $171.07 price target on the stock. in a report on Monday, November 6th. Finally, Zacks Investment Research upgraded Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, September 19th. Twelve analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $178.34.

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Costco Wholesale Corporation (NASDAQ COST) opened at $170.98 on Friday. The company has a market capitalization of $74,720.00, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 52-week low of $149.52 and a 52-week high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. Costco Wholesale Corporation’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.77 EPS. equities research analysts forecast that Costco Wholesale Corporation will post 6.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s payout ratio is 32.89%.

In other news, insider John D. Mckay sold 8,111 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.78, for a total value of $1,401,418.58. Following the completion of the transaction, the insider now owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 3,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $170.95, for a total value of $512,850.00. Following the completion of the transaction, the chief financial officer now directly owns 35,225 shares of the company’s stock, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock valued at $5,128,658 in the last ninety days. 0.74% of the stock is currently owned by corporate insiders.

Costco Wholesale Corporation 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 Corporation (NASDAQ:COST)

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