Gardner Russo & Gardner LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,643 shares of the retailer’s stock after selling 5 shares during the period. Gardner Russo & Gardner LLC’s holdings in Costco Wholesale Corporation were worth $1,114,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after buying an additional 79,201 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after buying an additional 129,106 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock worth $368,466,000 after buying an additional 289,788 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after buying an additional 331,400 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.04% during midday trading on Monday, hitting $152.51. 1,331,794 shares of the company traded hands. The stock has a 50 day moving average price of $155.03 and a 200-day moving average price of $167.02. The company has a market cap of $66.89 billion, a PE ratio of 26.48 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.31%. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.

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COST has been the subject of a number of recent research reports. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday. Robert W. Baird restated an “outperform” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and set a $190.00 price objective (up previously from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Finally, BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $179.56.

In other Costco Wholesale Corporation news, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $181.30, for a total value of $906,500.00. Following the completion of the transaction, the vice president now directly owns 48,845 shares in the company, valued at $8,855,598.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares of the company’s stock, valued at $792,109.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,000 shares of company stock valued at $2,677,430. Corporate insiders own 0.74% of the company’s stock.

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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