Janus Capital Management LLC Grows Position in Costco Wholesale Corporation (COST)

Janus Capital Management LLC lifted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,582,908 shares of the retailer’s stock after acquiring an additional 361,581 shares during the period. Costco Wholesale Corporation accounts for about 0.6% of Janus Capital Management LLC’s portfolio, making the stock its 26th largest position. Janus Capital Management LLC owned approximately 1.04% of Costco Wholesale Corporation worth $768,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. increased its stake in Costco Wholesale Corporation by 43.4% during the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after purchasing an additional 201 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in shares of 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 acquiring an additional 100 shares in the last quarter. CKW Financial Group grew its stake in shares of Costco Wholesale Corporation by 33.1% in the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after acquiring an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Costco Wholesale Corporation by 142.1% in the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after acquiring an additional 540 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its stake in shares of Costco Wholesale Corporation by 2.3% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 72.50% of the company’s stock.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at approximately $1,099,032.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 3,000 shares of company stock worth $477,120 in the last three months. Corporate insiders own 0.74% of the company’s stock.

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Several analysts have recently issued reports on COST shares. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Robert W. Baird reiterated an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research note on Tuesday, May 30th. Barclays PLC reiterated an “overweight” rating and issued a $190.00 target price (up previously from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Finally, BidaskClub lowered shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $179.35.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 1.672% during mid-day trading on Tuesday, reaching $159.991. The company had a trading volume of 1,212,133 shares. The firm has a 50-day moving average price of $156.46 and a 200-day moving average price of $165.78. The stock has a market capitalization of $70.17 billion, a price-to-earnings ratio of 27.776 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.50 per share. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

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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