Costco Wholesale Corporation (COST) Shares Bought by ARGI Investment Services LLC

ARGI Investment Services LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,113 shares of the retailer’s stock after purchasing an additional 101 shares during the quarter. ARGI Investment Services LLC’s holdings in Costco Wholesale Corporation were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waldron LP bought a new position in Costco Wholesale Corporation during the 1st quarter valued at approximately $223,000. World Asset Management Inc increased its position in Costco Wholesale Corporation by 18.8% during the 1st quarter. World Asset Management Inc now owns 50,531 shares of the retailer’s stock valued at $8,474,000 after buying an additional 7,995 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Costco Wholesale Corporation by 9.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,349,671 shares of the retailer’s stock valued at $226,326,000 after buying an additional 117,555 shares in the last quarter. BARING ASSET MANAGEMENT Ltd increased its position in Costco Wholesale Corporation by 402.0% during the 1st quarter. BARING ASSET MANAGEMENT Ltd now owns 9,338 shares of the retailer’s stock valued at $1,566,000 after buying an additional 7,478 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its position in Costco Wholesale Corporation by 13.9% during the 1st quarter. British Columbia Investment Management Corp now owns 236,540 shares of the retailer’s stock valued at $39,665,000 after buying an additional 28,943 shares in the last quarter. Institutional investors own 72.61% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) opened at 161.08 on Wednesday. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The stock has a 50 day moving average price of $161.34 and a 200 day moving average price of $163.77. The stock has a market capitalization of $70.42 billion, a P/E ratio of 26.49 and a beta of 0.94.

Costco Wholesale Corporation (NASDAQ:COST) last posted its earnings results 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 Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts predict that Costco Wholesale Corporation will post $6.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Costco Wholesale Corporation’s payout ratio is currently 32.89%.

In other news, Director Richard M. Libenson sold 2,350 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the sale, the director now directly owns 4,109 shares of the company’s stock, valued at approximately $665,658. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the sale, the vice president now directly owns 626 shares in the company, valued at $101,361.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,350 shares of company stock worth $2,315,710. Corporate insiders own 0.74% of the company’s stock.

A number of research analysts recently weighed in on COST shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, September 5th. Citigroup Inc. raised their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Morgan Stanley lowered Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation has an average rating of “Buy” and an average target price of $178.50.

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Costco Wholesale Corporation 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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