Mraz Amerine & Associates Inc. Has $316,000 Holdings in Costco Wholesale Corporation (COST)

Mraz Amerine & Associates Inc. held its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,975 shares of the retailer’s stock at the close of the 2nd quarter. Mraz Amerine & Associates Inc.’s holdings in Costco Wholesale Corporation were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Delta Asset Management LLC TN raised its position in Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after purchasing an additional 65 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale Corporation in the 2nd quarter worth about $107,000. Mercer Capital Advisers Inc. raised its position in Costco Wholesale Corporation by 43.4% in the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after purchasing an additional 201 shares during the period. Mosaic Family Wealth LLC raised its position in Costco Wholesale Corporation by 16.7% in the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the period. Finally, Ledyard National Bank raised its position in Costco Wholesale Corporation by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 72.35% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at 161.29 on Friday. The stock has a market cap of $70.74 billion, a PE ratio of 28.00 and a beta of 0.93. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a 50 day moving average of $157.91 and a 200-day moving average of $165.08.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, August 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.24%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

A number of analysts recently weighed in on COST shares. Stifel Nicolaus increased their price objective on shares of Costco Wholesale Corporation from $185.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Royal Bank Of Canada increased their price objective on shares of Costco Wholesale Corporation from $182.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Saturday, May 27th. BMO Capital Markets set a $195.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $179.37.

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In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders sold 3,000 shares of company stock valued at $477,120. Company insiders own 0.74% of the company’s stock.

Costco Wholesale Corporation Company 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 Corporation (NASDAQ:COST)

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