Swedbank Has $106.66 Million Position in Costco Wholesale Co. (COST)

Swedbank lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the first quarter, Holdings Channel reports. The fund owned 636,060 shares of the retailer’s stock after selling 13,667 shares during the period. Swedbank’s holdings in Costco Wholesale were worth $106,661,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of COST. Garde Capital Inc. raised its stake in shares of Costco Wholesale by 233.2% in the third quarter. Garde Capital Inc. now owns 10,361 shares of the retailer’s stock worth $1,498,000 after buying an additional 7,251 shares during the period. Xact Kapitalforvaltning AB bought a new stake in shares of Costco Wholesale during the third quarter worth $9,280,000. EP Wealth Advisors Inc. raised its stake in shares of Costco Wholesale by 1.3% in the third quarter. EP Wealth Advisors Inc. now owns 61,049 shares of the retailer’s stock worth $9,311,000 after buying an additional 808 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Costco Wholesale by 82.8% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 5,300 shares of the retailer’s stock worth $808,000 after buying an additional 2,400 shares during the period. Finally, Bragg Financial Advisors Inc raised its stake in shares of Costco Wholesale by 2.9% in the third quarter. Bragg Financial Advisors Inc now owns 17,774 shares of the retailer’s stock worth $2,711,000 after buying an additional 500 shares during the period. 73.12% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Costco Wholesale Co. (COST) opened at 182.08 on Tuesday. Costco Wholesale Co. has a 12-month low of $142.11 and a 12-month high of $183.18. The firm has a 50-day moving average of $174.65 and a 200-day moving average of $167.21. The firm has a market cap of $79.87 billion, a P/E ratio of 31.61 and a beta of 0.89.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.09. The company had revenue of $28.86 billion during the quarter, compared to analysts’ expectations of $28.57 billion. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.24 earnings per share. On average, equities analysts forecast that Costco Wholesale Co. will post $5.76 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Friday, May 26th. Shareholders of record on Wednesday, May 10th were given a dividend of $7.00 per share. The ex-dividend date was Wednesday, May 10th. This represents a yield of 1.13%. This is a boost from Costco Wholesale’s previous special dividend of $0.45. Costco Wholesale’s payout ratio is presently 32.79%.

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A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Costco Wholesale in a report on Thursday, May 4th. BMO Capital Markets reissued an “outperform” rating and set a $195.00 price objective on shares of Costco Wholesale in a report on Friday. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale in a report on Friday. Stifel Nicolaus reissued a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale in a report on Thursday, May 4th. Finally, Morgan Stanley boosted their price objective on shares of Costco Wholesale from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $182.59.

In other Costco Wholesale news, Director James D. Sinegal sold 17,000 shares of Costco Wholesale stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $164.52, for a total transaction of $2,796,840.00. Following the completion of the transaction, the director now owns 792,594 shares in the company, valued at $130,397,564.88. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John D. Mckay sold 3,000 shares of Costco Wholesale stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the transaction, the insider now owns 62,607 shares of the company’s stock, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,000 shares of company stock valued at $20,644,440. 0.74% of the stock is currently owned by company insiders.

About Costco Wholesale

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:COST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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