Rothschild Investment Corp IL raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 363.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 56,926 shares of the retailer’s stock after buying an additional 44,642 shares during the period. Costco Wholesale Corporation comprises 1.0% of Rothschild Investment Corp IL’s portfolio, making the stock its 22nd largest position. Rothschild Investment Corp IL’s holdings in Costco Wholesale Corporation were worth $9,104,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Brightworth raised its position in Costco Wholesale Corporation by 0.3% in the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock valued at $213,000 after buying an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR raised its position in Costco Wholesale Corporation by 0.4% in the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock valued at $266,000 after buying an additional 7 shares in the last quarter. Marshall & Sullivan Inc. WA raised its position in Costco Wholesale Corporation by 0.6% in the first quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock valued at $272,000 after buying an additional 10 shares in the last quarter. CHICAGO TRUST Co NA raised its position in Costco Wholesale Corporation by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after buying an additional 12 shares in the last quarter. Finally, Bank of The West raised its position in Costco Wholesale Corporation by 0.4% in the second quarter. Bank of The West now owns 3,401 shares of the retailer’s stock valued at $544,000 after buying an additional 15 shares in the last quarter. 74.14% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.51% on Friday, hitting $157.44. 1,122,347 shares of the company’s stock were exchanged. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The stock has a market cap of $69.05 billion, a P/E ratio of 27.33 and a beta of 0.93. The firm has a 50 day moving average price of $155.55 and a 200-day moving average price of $167.61.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, topping the Zacks’ 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. Analysts predict 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. Investors 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 yield of 1.28%. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio is 34.66%.

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Several research firms have recently weighed in on COST. Wells Fargo & Company restated 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 shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, August 3rd. BidaskClub upgraded shares of 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 shares of 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 shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $179.11.

In related news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the sale, the vice president now directly owns 48,845 shares in the company, valued at $8,855,598.50. 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 three months. 0.74% of the stock is currently owned by insiders.

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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