Mcmillion Capital Management Inc. decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 18,065 shares of the retailer’s stock after selling 66 shares during the period. Costco Wholesale Corporation makes up 2.1% of Mcmillion Capital Management Inc.’s investment portfolio, making the stock its 22nd largest position. Mcmillion Capital Management Inc.’s holdings in Costco Wholesale Corporation were worth $3,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Mercer Capital Advisers Inc. raised its position in shares of Costco Wholesale Corporation by 43.4% in the first 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 raised its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares in the last quarter. CKW Financial Group raised its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its stake in shares of Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) traded down 0.115% during midday trading on Tuesday, hitting $157.729. The company’s stock had a trading volume of 780,827 shares. The firm has a market cap of $69.18 billion, a P/E ratio of 27.384 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. The company’s 50 day moving average price is $155.49 and its 200 day moving average price is $167.58.

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

The firm 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. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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A number of equities research analysts recently weighed in on COST shares. Northcoast Research upgraded Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price objective on the stock in a research report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $185.00 to $160.00 in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and reduced their price objective for the stock from $197.00 to $176.00 in a research report on Friday, June 16th. Finally, BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $179.11.

In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $160.28, for a total transaction of $160,280.00. Following the completion of the sale, the director now owns 5,974 shares of the company’s stock, valued at approximately $957,512.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction 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 directly owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,000 shares of company stock valued at $2,677,430. 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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