Municipal Employees Retirement System of Michigan maintained its position in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent filing with the SEC. The firm owned 18,770 shares of the retailer’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Costco Wholesale Corporation were worth $3,147,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Capital Advisers Inc. raised its stake 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 in 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 valued at $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 valued at $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 valued at $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 valued at $163,000 after buying an additional 22 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.74% during midday trading on Friday, hitting $152.45. The stock had a trading volume of 5,703,470 shares. The company’s 50 day moving average price is $155.03 and its 200-day moving average price is $167.02. 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 $66.86 billion, a PE ratio of 26.47 and a beta of 0.93. Costco Wholesale Corporation also was the target of some unusual options trading on Thursday. Investors purchased 20,702 call options on the stock. This represents an increase of 169% compared to the typical daily volume of 7,689 call options.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be paid a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 34.66%.

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COST has been the subject of several research reports. Gordon Haskett initiated coverage on Costco Wholesale Corporation in a research note on Tuesday, May 9th. They issued an “accumulate” rating and a $191.00 target price for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, May 4th. BMO Capital Markets set a $195.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 target price on Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Saturday, May 27th. Finally, Royal Bank Of Canada upped their target price on Costco Wholesale Corporation from $182.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. One equities research 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 assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $179.56.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the sale, the director now directly owns 5,974 shares in the company, valued at $957,512.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total value of $906,600.00. Following the completion of the sale, the insider now owns 28,786 shares in the company, valued at $5,219,477.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,000 shares of company stock worth $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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