Advisor Group Inc. increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,888 shares of the retailer’s stock after acquiring an additional 1,275 shares during the period. Advisor Group Inc.’s holdings in Costco Wholesale Corporation were worth $7,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its position in Costco Wholesale Corporation by 0.4% during the second quarter. Nordea Investment Management AB now owns 21,784 shares of the retailer’s stock valued at $3,484,000 after buying an additional 93 shares in the last quarter. Elkhorn Investments LLC lifted its position in Costco Wholesale Corporation by 1.5% during the second quarter. Elkhorn Investments LLC now owns 6,805 shares of the retailer’s stock valued at $1,065,000 after buying an additional 98 shares in the last quarter. Cibc World Markets Corp lifted its position in Costco Wholesale Corporation by 933.4% during the second quarter. Cibc World Markets Corp now owns 94,593 shares of the retailer’s stock valued at $15,128,000 after buying an additional 85,439 shares in the last quarter. Harfst & Associates Inc. lifted its position in Costco Wholesale Corporation by 101.3% during the second quarter. Harfst & Associates Inc. now owns 2,557 shares of the retailer’s stock valued at $408,000 after buying an additional 1,287 shares in the last quarter. Finally, Horizon Investments LLC acquired a new position in Costco Wholesale Corporation during the second quarter valued at approximately $516,000. 73.54% of the stock is currently owned by institutional investors and hedge funds.

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Costco Wholesale Corporation (NASDAQ COST) opened at $173.42 on Wednesday. The company has a market cap of $75,284.57, a PE ratio of 29.60, a PEG ratio of 2.75 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 12-month low of $150.00 and a 12-month 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, topping the consensus estimate 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 net margin of 2.08% and a return on equity of 22.21%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 earnings per share. research analysts expect that Costco Wholesale Corporation will post 6.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. Costco Wholesale Corporation’s dividend payout ratio is currently 32.89%.

COST has been the topic of a number of recent research reports. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Deutsche Bank AG set a $172.00 price target on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Monday, July 31st. BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus set a $173.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $178.34.

In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John D. Mckay sold 8,111 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the transaction, the insider now owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock valued at $5,128,658 in the last 90 days. 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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