Costco Wholesale Corporation (COST) is Violich Capital Management Inc.’s 10th Largest Position

Violich Capital Management Inc. increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,042 shares of the retailer’s stock after buying an additional 725 shares during the quarter. Costco Wholesale Corporation comprises about 3.1% of Violich Capital Management Inc.’s portfolio, making the stock its 10th biggest position. Violich Capital Management Inc.’s holdings in Costco Wholesale Corporation were worth $10,236,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Wealth Partners LLC increased its holdings in Costco Wholesale Corporation by 7.0% during the 1st quarter. Private Wealth Partners LLC now owns 20,464 shares of the retailer’s stock worth $3,432,000 after purchasing an additional 1,334 shares in the last quarter. Palisade Capital Management LLC NJ grew its holdings in shares of Costco Wholesale Corporation by 150.4% in the first quarter. Palisade Capital Management LLC NJ now owns 4,081 shares of the retailer’s stock valued at $684,000 after acquiring an additional 2,451 shares in the last quarter. SFE Investment Counsel grew its holdings in shares of Costco Wholesale Corporation by 0.7% in the first quarter. SFE Investment Counsel now owns 33,264 shares of the retailer’s stock valued at $5,578,000 after acquiring an additional 245 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Costco Wholesale Corporation by 16.9% in the first quarter. DnB Asset Management AS now owns 56,053 shares of the retailer’s stock valued at $9,400,000 after acquiring an additional 8,100 shares in the last quarter. Finally, Benin Management CORP grew its holdings in shares of Costco Wholesale Corporation by 0.8% in the first quarter. Benin Management CORP now owns 10,200 shares of the retailer’s stock valued at $1,710,000 after acquiring an additional 80 shares in the last quarter. 72.50% of the stock is currently owned by institutional investors and hedge funds.

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In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 3,000 shares of company stock worth $477,120. 0.74% of the stock is owned by company insiders.

Shares of Costco Wholesale Corporation (COST) traded down 0.04% during mid-day trading on Friday, reaching $162.30. 3,757,799 shares of the company’s stock traded hands. The firm has a market capitalization of $71.18 billion, a price-to-earnings ratio of 28.18 and a beta of 0.93. The stock has a 50-day moving average price of $157.60 and a 200 day moving average price of $165.44. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. Costco Wholesale Corporation also saw some unusual options trading activity on Thursday. Stock traders bought 6,031 put options on the stock. This represents an increase of approximately 231% compared to the average volume of 1,822 put options.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, August 16th. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Tuesday. Deutsche Bank AG reissued a “hold” rating and set a $172.00 price objective on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Guggenheim reissued a “neutral” rating and set a $140.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a report on Thursday, August 31st. Ten analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $179.23.

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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