Welch & Forbes LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,147 shares of the retailer’s stock after buying an additional 468 shares during the quarter. Welch & Forbes LLC’s holdings in Costco Wholesale Corporation were worth $19,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Delta Asset Management LLC TN boosted its holdings in shares of Costco Wholesale Corporation by 11.6% in the 2nd 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. Northwest Investment Counselors LLC acquired a new stake in shares of Costco Wholesale Corporation in the 2nd quarter valued at approximately $107,000. Mercer Capital Advisers Inc. boosted its holdings in shares of Costco Wholesale Corporation by 43.4% in the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares during the last quarter. Mosaic Family Wealth LLC boosted its holdings in shares of Costco Wholesale Corporation by 16.7% in the 1st 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 last quarter. Finally, Ledyard National Bank boosted its holdings in shares of Costco Wholesale Corporation by 19.1% in the 2nd 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. 72.35% of the stock is owned by institutional investors.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 3,000 shares of company stock worth $477,120 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

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Shares of Costco Wholesale Corporation (COST) opened at 164.29 on Friday. The firm has a market capitalization of $72.06 billion, a price-to-earnings ratio of 28.52 and a beta of 0.93. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock’s 50 day moving average price is $157.91 and its 200-day moving average price is $165.08. Costco Wholesale Corporation also was the target of unusually large options trading on Thursday. Investors acquired 6,031 put options on the company. This represents an increase of 231% compared to the typical daily volume of 1,822 put options.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.50 dividend. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.

Several research firms have recently commented on COST. Deutsche Bank AG set a $172.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a report on Monday, July 31st. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. BMO Capital Markets downgraded Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $185.00 to $160.00 in a report on Monday, July 10th. Robert W. Baird reissued a “buy” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Finally, Zacks Investment Research raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $180.00 price objective for the company in a report on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $179.40.

Costco Wholesale Corporation Company 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 Corporation (NASDAQ:COST)

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