American Asset Management Inc. Purchases 100 Shares of Costco Wholesale Corporation (NASDAQ:COST)

American Asset Management Inc. increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,483 shares of the retailer’s stock after buying an additional 100 shares during the period. American Asset Management Inc.’s holdings in Costco Wholesale Corporation were worth $249,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. FormulaFolio Investments LLC boosted its position in shares of Costco Wholesale Corporation by 0.5% in the first quarter. FormulaFolio Investments LLC now owns 3,530 shares of the retailer’s stock valued at $592,000 after buying an additional 18 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Costco Wholesale Corporation by 1.8% in the first quarter. Capital Investment Advisors LLC now owns 1,406 shares of the retailer’s stock valued at $236,000 after buying an additional 25 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Moloney Securities Asset Management LLC now owns 2,082 shares of the retailer’s stock valued at $349,000 after buying an additional 26 shares in the last quarter. Leavell Investment Management Inc. boosted its position in shares of Costco Wholesale Corporation by 2.2% in the first quarter. Leavell Investment Management Inc. now owns 1,278 shares of the retailer’s stock valued at $214,000 after buying an additional 28 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its position in shares of Costco Wholesale Corporation by 1.6% in the first quarter. Integrated Investment Consultants LLC now owns 2,197 shares of the retailer’s stock valued at $368,000 after buying an additional 34 shares in the last quarter. 74.14% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Corporation (NASDAQ COST) traded up 0.51% during trading on Tuesday, reaching $157.75. 2,568,677 shares of the company’s stock traded hands. The stock has a market cap of $69.19 billion, a P/E ratio of 27.39 and a beta of 0.93. The firm’s 50 day moving average price is $156.39 and its 200-day moving average price is $167.81. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio is 34.66%.

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A number of research analysts recently weighed in on the stock. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Friday, May 26th. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Sanford C. Bernstein restated a “hold” rating on shares of Costco Wholesale Corporation in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, April 27th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $190.00 price target (up previously from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $179.11.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $181.60, for a total value of $544,800.00. Following the transaction, the insider now directly owns 62,607 shares in the company, valued at approximately $11,369,431.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the completion of the transaction, the director now owns 4,974 shares in the company, valued at $792,109.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,000 shares of company stock worth $2,677,430. 0.74% of the stock is owned by insiders.

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.

Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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