Norris Perne & French LLP MI raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 84,969 shares of the retailer’s stock after purchasing an additional 4,850 shares during the period. Costco Wholesale accounts for 2.3% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 8th largest holding. Norris Perne & French LLP MI’s holdings in Costco Wholesale were worth $15,815,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in COST. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale during the 2nd quarter worth $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale during the 3rd quarter worth $103,000. Shamrock Asset Management LLC grew its stake 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 acquiring an additional 418 shares during the period. Finally, Zions Bancorporation grew its stake 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 acquiring an additional 411 shares during the period. Hedge funds and other institutional investors own 72.27% of the company’s stock.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the sale, the vice president now owns 52,529 shares of the company’s stock, valued at approximately $10,148,602.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 8,654 shares in the company, valued at approximately $1,585,932.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,296 shares of company stock worth $18,810,236. Insiders own 0.74% of the company’s stock.

Several research analysts have recently weighed in on COST shares. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a research note on Friday, January 5th. Vetr upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a research note on Monday, February 5th. Moffett Nathanson started coverage on Costco Wholesale in a research note on Monday, December 4th. They set a “buy” rating for the company. < Oppenheimer increased their price target on Costco Wholesale from $180.00 to $210.00 and gave the stock an "outperform" rating in a research note on Monday, January 8th. Finally, Guggenheim reiterated a "hold" rating on shares of Costco Wholesale in a research note on Wednesday, November 22nd. Nine investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Costco Wholesale presently has a consensus rating of "Buy" and an average target price of $189.97.

Costco Wholesale Co. (NASDAQ COST) opened at $180.72 on Friday. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $199.88. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $79,355.23, a PE ratio of 30.07, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion for the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter last year, the firm posted $1.24 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. equities analysts expect that Costco Wholesale Co. will post 6.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be issued a $0.50 dividend. The ex-dividend date is Thursday, February 15th. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. Costco Wholesale’s payout ratio is currently 31.80%.

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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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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