Costco Wholesale Corporation (COST) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 130,850 shares of the retailer’s stock after buying an additional 8,103 shares during the quarter. Costco Wholesale Corporation comprises approximately 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 24th biggest position. Oppenheimer & Co. Inc.’s holdings in Costco Wholesale Corporation were worth $20,927,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its stake in shares of Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after purchasing an additional 1,753,741 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of Costco Wholesale Corporation by 15,937.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after purchasing an additional 1,439,613 shares during the period. Magellan Asset Management Ltd grew its stake in shares of Costco Wholesale Corporation by 13.9% during the 1st quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock valued at $732,000,000 after purchasing an additional 532,896 shares during the period. Principal Financial Group Inc. grew its stake in shares of Costco Wholesale Corporation by 76.1% during the 2nd quarter. Principal Financial Group Inc. now owns 1,221,685 shares of the retailer’s stock valued at $195,385,000 after purchasing an additional 527,746 shares during the period. Finally, Janus Capital Management LLC grew its stake in shares of Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after purchasing an additional 361,581 shares during the period. Institutional investors own 72.61% of the company’s stock.

A number of research firms have issued reports on COST. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Cowen and Company restated an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Monday, July 24th. 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. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 3rd. Finally, Vetr downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating and set a $183.04 price target for the company. in a research note on Wednesday, September 27th. 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 company’s stock. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus price target of $178.50.

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In related news, Director Richard M. Libenson sold 2,350 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the transaction, the director now owns 4,109 shares in the company, valued at $665,658. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred 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 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 90 days, insiders sold 14,350 shares of company stock worth $2,315,710. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.77 earnings per share.

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 given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

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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