Fort Point Capital Partners LLC cut its position in Costco Wholesale Corporation (NASDAQ:COST) by 4.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,296 shares of the retailer’s stock after selling 57 shares during the period. Fort Point Capital Partners LLC’s holdings in Costco Wholesale Corporation were worth $217,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in Costco Wholesale Corporation by 1.7% in the fourth quarter. Macquarie Group Ltd. now owns 62,005 shares of the retailer’s stock worth $9,928,000 after buying an additional 1,065 shares during the last quarter. Creative Planning boosted its stake in Costco Wholesale Corporation by 0.4% in the first quarter. Creative Planning now owns 53,516 shares of the retailer’s stock worth $8,974,000 after buying an additional 222 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its stake in Costco Wholesale Corporation by 19.5% in the first quarter. Douglass Winthrop Advisors LLC now owns 183,630 shares of the retailer’s stock worth $30,793,000 after buying an additional 29,997 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in Costco Wholesale Corporation during the first quarter worth approximately $235,000. Finally, Vista Capital Partners Inc. boosted its stake in Costco Wholesale Corporation by 22.0% in the first quarter. Vista Capital Partners Inc. now owns 2,444 shares of the retailer’s stock worth $410,000 after buying an additional 440 shares during the last quarter. Institutional investors and hedge funds own 74.14% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ COST) traded up 0.33% during trading on Friday, reaching $157.15. 788,375 shares of the company traded hands. The company has a market capitalization of $68.92 billion, a P/E ratio of 27.28 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 company’s 50-day moving average price is $155.55 and its 200-day moving average price is $167.61.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion for the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. Equities research analysts forecast that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.28%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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COST has been the subject of a number of research reports. Jefferies Group LLC restated a “hold” rating and issued a $156.00 price target on shares of Costco Wholesale Corporation in a report on Thursday, April 20th. Barclays PLC upgraded shares of Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $170.00 to $185.00 in a report on Thursday, April 20th. Robert W. Baird restated an “outperform” rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Deutsche Bank AG restated a “buy” rating and issued a $187.00 price target on shares of Costco Wholesale Corporation in a report on Wednesday, April 26th. Finally, Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $179.76 price target for the company. in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation has an average rating of “Buy” and a consensus price target of $179.11.

In other news, insider Daniel M. Hines sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total transaction of $906,600.00. Following the sale, the insider now owns 28,786 shares in the company, valued at $5,219,477.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John D. Mckay sold 3,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $181.60, for a total transaction of $544,800.00. Following the sale, the insider now owns 62,607 shares in the company, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,000 shares of company stock worth $2,677,430. Company 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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