Bedrijfstakpensioenfonds Voor DE Media PNO continued to hold its position in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, Holdings Channel reports. The institutional investor owned 7,500 shares of the retailer’s stock at the end of the first quarter. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Costco Wholesale Corporation were worth $1,258,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in COST. Sheaff Brock Investment Advisors LLC increased its stake in Costco Wholesale Corporation by 1.6% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 5,102 shares of the retailer’s stock worth $856,000 after buying an additional 79 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Costco Wholesale Corporation by 26.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 4,660 shares of the retailer’s stock worth $781,000 after buying an additional 962 shares during the period. Daiwa Securities Group Inc. increased its stake in Costco Wholesale Corporation by 7.5% in the first quarter. Daiwa Securities Group Inc. now owns 12,150 shares of the retailer’s stock worth $2,037,000 after buying an additional 850 shares during the period. Bbva Compass Bancshares Inc. increased its stake in Costco Wholesale Corporation by 12.9% in the first quarter. Bbva Compass Bancshares Inc. now owns 20,556 shares of the retailer’s stock worth $3,447,000 after buying an additional 2,343 shares during the period. Finally, American Century Companies Inc. increased its stake in Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock worth $368,466,000 after buying an additional 289,788 shares during the period. Institutional investors own 73.89% of the company’s stock.
Shares of Costco Wholesale Corporation (NASDAQ COST) opened at 157.13 on Friday. The company’s 50-day moving average is $175.69 and its 200 day moving average is $169.12. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The firm has a market capitalization of $68.92 billion, a P/E ratio of 27.28 and a beta of 0.96.
Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The business had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Analysts expect that Costco Wholesale Corporation will post $5.76 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Friday, May 26th. Shareholders of record on Wednesday, May 10th were paid a $7.00 dividend. The ex-dividend date was Wednesday, May 10th. This represents a yield of 1.13%. This is a positive change from Costco Wholesale Corporation’s previous special dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is currently 34.66%.
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Several equities research analysts have commented on COST shares. Cowen and Company reaffirmed an “outperform” rating on shares of Costco Wholesale Corporation in a research note on Thursday, March 30th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research note on Saturday, March 4th. Jefferies Group LLC set a $156.00 target price on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a research note on Monday, March 6th. Vetr downgraded shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 target price for the company. in a research note on Monday, June 19th. Finally, Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a report on Friday, March 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $180.54.
In other news, insider John D. Mckay sold 3,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the completion of the sale, the insider now owns 62,607 shares of the company’s stock, valued at $11,369,431.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $181.32, for a total value of $906,600.00. Following the sale, the insider now directly owns 28,786 shares of the company’s stock, valued at approximately $5,219,477.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,000 shares of company stock valued at $2,357,900. 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.
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