Fjarde AP Fonden Fourth Swedish National Pension Fund Has $14.55 Million Position in Costco Wholesale Corporation (COST)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,768 shares of the retailer’s stock after selling 9,211 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Costco Wholesale Corporation were worth $14,550,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mercer Capital Advisers Inc. increased its stake in Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after buying an additional 201 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the last quarter. CKW Financial Group boosted its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after buying an additional 540 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new stake in shares of Costco Wholesale Corporation during the first quarter worth $168,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Corporation (COST) opened at 157.08 on Friday. The firm’s 50-day moving average is $155.32 and its 200 day moving average is $167.38. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The firm has a market capitalization of $68.89 billion, a P/E ratio of 27.27 and a beta of 0.93. Costco Wholesale Corporation also was the target of some unusual options trading on Thursday. Stock traders purchased 6,031 put options on the stock. This is an increase of approximately 231% compared to the typical volume of 1,822 put options.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business had revenue of $28.86 billion during the quarter, compared to analyst estimates of $28.57 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. Costco Wholesale Corporation’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current year.

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

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COST has been the subject of a number of analyst reports. Robert W. Baird restated an “outperform” rating and issued a $200.00 price objective on shares of Costco Wholesale Corporation in a research note on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and set a $187.00 target price on shares of Costco Wholesale Corporation in a research note on Wednesday, April 26th. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $179.76 target price for the company. in a research note on Wednesday, April 26th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, April 27th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $185.00 target price on shares of Costco Wholesale Corporation in a research note on Thursday, May 4th. 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of $179.11.

In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $160.28, for a total value of $160,280.00. Following the completion of the transaction, the director now owns 5,974 shares of the company’s stock, valued at $957,512.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John D. Mckay sold 3,000 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the completion of the transaction, the insider now directly 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. Insiders have sold 15,000 shares of company stock valued at $2,677,430 in the last three months. 0.74% of the stock is currently owned by corporate 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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