From MarketBeat:

Private Advisor Group LLC increased its stake in Costco Wholesale Co. by 5.6% in the third quarter, now owning 53,586 shares valued at $30,274,000. A variety of institutional investors also recently adjusted their positions in Costco, including United Bank, Mirae Asset Global Investments Co. Ltd., and Covestor Ltd. Costco’s stock opened at $697.70 on Monday, with a 50-day moving average of $635.66 and a 200-day moving average of $583.70. Analysts expect the company to post 15.6 earnings per share for the current fiscal year.

Costco announced a quarterly dividend of $1.02, to be paid out on February 16th with a dividend yield of 0.58%. The company reported $3.48 EPS for the last quarter, an increase from the consensus estimates of $3.41. The retailer’s revenue was $57.80 billion, up 8.2% from the previous year. Insiders have sold 15,252 shares of company stock worth $9,245,644. 0.18% of the stock is currently owned by insiders.

Wall Street analysts have rated Costco Wholesale stock as a “Moderate Buy” with an average target price of $637.40. Seven analysts have rated the stock as hold and nineteen as buy. Costco operates membership warehouses in multiple countries and offers branded and private-label products in various merchandise categories. For the latest research report on Costco and other hedge funds’ holdings, visit HoldingsChannel.com.



Read more: Private Advisor Group LLC Acquires 2,837 Shares of Costco Wholesale Co. (NASDAQ:COST)