Barrett Asset Management LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,319 shares of the retailer’s stock after acquiring an additional 2,100 shares during the period. Barrett Asset Management LLC’s holdings in Costco Wholesale Corporation were worth $5,009,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of COST. Delta Asset Management LLC TN increased 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 period. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale Corporation during the second quarter valued at about $107,000. Mercer Capital Advisers Inc. increased 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 period. Mosaic Family Wealth LLC increased its position in shares of Costco Wholesale Corporation by 16.7% during the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after buying an additional 100 shares during the period. Finally, Ledyard National Bank increased 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 period. 72.35% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on COST. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price objective on shares of Costco Wholesale Corporation in a report on Friday, June 16th. Goldman Sachs Group, Inc. (The) cut shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and cut their price objective for the stock from $197.00 to $176.00 in a report on Friday, June 16th. Cowen and Company restated an “outperform” rating and issued a $190.00 price objective on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Deutsche Bank AG cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $142.11 to $167.11 in a report on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a report on Monday, June 19th. Ten analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Costco Wholesale Corporation currently has an average rating of “Buy” and an average target price of $179.56.

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Costco Wholesale Corporation (NASDAQ COST) opened at 165.21 on Thursday. The stock has a market capitalization of $72.46 billion, a PE ratio of 28.68 and a beta of 0.94. The company’s 50-day moving average is $159.79 and its 200 day moving average is $164.89. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on 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 directly owns 6,974 shares in the company, valued at $1,099,032.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,000 shares of company stock valued at $481,760 over the last 90 days. 0.74% of the stock is currently owned by company 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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