Quantitative Systematic Strategies LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,569 shares of the retailer’s stock, valued at approximately $1,079,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. BlackRock Inc. boosted its holdings in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Capital World Investors boosted its holdings in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. FMR LLC boosted its holdings in Costco Wholesale by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after purchasing an additional 177,200 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after purchasing an additional 207,675 shares in the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In other Costco Wholesale news, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $160.58, for a total transaction of $802,900.00. Following the transaction, the vice president now owns 41,396 shares of the company’s stock, valued at approximately $6,647,369.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,150,152.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,842 shares of company stock worth $5,520,848. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (COST) opened at $188.07 on Monday. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $191.22. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $82,180.00, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. During the same quarter in the prior year, the business earned $1.77 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities analysts expect that Costco Wholesale Co. will post 6.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is 32.89%.

A number of equities research analysts have weighed in on the company. Vetr downgraded Costco Wholesale from a “hold” rating to a “sell” rating and set a $175.44 price objective on the stock. in a report on Friday, December 1st. Moffett Nathanson assumed coverage on Costco Wholesale in a report on Monday, December 4th. They set a “buy” rating on the stock. < Guggenheim reaffirmed a "neutral" rating on shares of Costco Wholesale in a report on Thursday, October 5th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $179.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, November 30th. Finally, BMO Capital Markets set a $160.00 price objective on Costco Wholesale and gave the company a "hold" rating in a report on Saturday, October 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have given a buy rating to the company's stock. Costco Wholesale presently has a consensus rating of "Buy" and a consensus target price of $179.50.

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Costco Wholesale 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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