Harrington Investments INC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,072 shares of the retailer’s stock, valued at approximately $1,162,000.

A number of other large investors have also made changes to their positions in the business. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. lifted its position in shares of Costco Wholesale by 3.5% during the 2nd 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 last quarter. Ledyard National Bank lifted its position in shares of Costco Wholesale by 19.1% during 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. Finally, Bruderman Asset Management LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at $139,000. Hedge funds and other institutional investors own 71.49% of the company’s stock.

Costco Wholesale Co. (NASDAQ COST) opened at $192.73 on Friday. The firm has a market capitalization of $87,020.00, a PE ratio of 32.35, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Co. has a one year low of $150.00 and a one year high of $195.35.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The business had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.24 EPS. equities analysts predict that Costco Wholesale Co. will post 6.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.04%. Costco Wholesale’s dividend payout ratio is currently 32.95%.

COST has been the topic of a number of recent research reports. Robert W. Baird reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Thursday, August 31st. Stifel Nicolaus reissued a “buy” rating and set a $173.00 price objective on shares of Costco Wholesale in a report on Monday, October 9th. Vetr cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $171.07 price objective on the stock. in a report on Monday, November 6th. J P Morgan Chase & Co reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale in a report on Monday, December 4th. Finally, Zacks Investment Research raised Costco Wholesale from a “hold” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $183.46.

In other news, VP Paul G. Moulton sold 4,381 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $168.16, for a total transaction of $736,708.96. Following the transaction, the vice president now directly owns 52,858 shares in the company, valued at approximately $8,888,601.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now owns 41,396 shares in the company, valued at $6,647,369.68. The disclosure for this sale can be found here. Insiders sold a total of 32,842 shares of company stock worth $5,520,848 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.

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Costco Wholesale 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.

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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