Costco Wholesale Corporation (NASDAQ:COST) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in Costco Wholesale Corporation (NASDAQ:COST) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 695,431 shares of the retailer’s stock after selling 60,382 shares during the period. Asset Management One Co. Ltd. owned 0.16% of Costco Wholesale Corporation worth $116,624,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 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 during the last quarter. Mosaic Family Wealth LLC boosted its position 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 valued at $117,000 after buying an additional 100 shares during the last quarter. CKW Financial Group boosted its position 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 valued at $135,000 after buying an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position 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 valued at $154,000 after buying an additional 540 shares during the last quarter. Finally, Barometer Capital Management Inc. purchased a new position in shares of Costco Wholesale Corporation during the first quarter valued at about $168,000. Institutional investors own 73.91% of the company’s stock.

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

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio (DPR) is currently 34.66%.

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A number of research analysts have recently weighed in on COST shares. Gordon Haskett started coverage on Costco Wholesale Corporation in a research report on Tuesday, May 9th. They set an “accumulate” rating and a $191.00 price objective on the stock. BMO Capital Markets set a $195.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 target price on Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Saturday, May 27th. Royal Bank Of Canada lifted their target price on Costco Wholesale Corporation from $182.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Finally, Stifel Nicolaus lifted their target price on Costco Wholesale Corporation from $185.00 to $191.00 and gave the company a “buy” rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.11.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the sale, the director now owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James P. Murphy sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the completion of the sale, the vice president now owns 48,845 shares in the company, valued at approximately $8,855,598.50. The disclosure for this sale can be found here. Insiders sold 15,000 shares of company stock worth $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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