Private Bank & Trust Co. reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,330 shares of the retailer’s stock after selling 63 shares during the period. Private Bank & Trust Co.’s holdings in Costco Wholesale Corporation were worth $213,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of COST. Mercer Capital Advisers Inc. increased its position in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares during the period. Northwest Investment Counselors LLC bought a new position in Costco Wholesale Corporation during the second quarter worth about $107,000. Mosaic Family Wealth LLC increased its position in 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 during the period. CKW Financial Group increased its position in 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 during the period. Finally, Ledyard National Bank increased its position in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after buying an additional 130 shares during the period. Institutional investors own 73.91% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.74% on Monday, hitting $157.81. 742,756 shares of the stock were exchanged. The company has a 50-day moving average of $155.46 and a 200 day moving average of $167.57. The firm has a market cap of $69.21 billion, a P/E ratio of 27.40 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 announced its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The firm had revenue of $28.86 billion for the quarter, compared to the consensus estimate 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 was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. Equities research analysts expect that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The company 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 represents a $2.00 annualized dividend and a dividend yield of 1.28%. 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 presently 34.66%.

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A number of research firms have issued reports on COST. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Stifel Nicolaus set a $173.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. BidaskClub upgraded Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG set a $172.00 price target on Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, July 31st. Finally, Robert W. Baird set a $200.00 price target on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $179.11.

In other news, insider John D. Mckay sold 3,000 shares of the firm’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 in the company, valued at approximately $11,369,431.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 sale, the director now owns 5,974 shares in the company, valued at $957,512.72. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $2,677,430 over the last 90 days. 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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