Norinchukin Bank The increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,092 shares of the retailer’s stock after acquiring an additional 2,185 shares during the quarter. Norinchukin Bank The’s holdings in Costco Wholesale were worth $13,976,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in COST. AXA lifted its position in Costco Wholesale by 1.9% during the third quarter. AXA now owns 704,782 shares of the retailer’s stock valued at $115,788,000 after buying an additional 13,404 shares during the period. State of Wisconsin Investment Board lifted its position in Costco Wholesale by 3.2% during the third quarter. State of Wisconsin Investment Board now owns 511,728 shares of the retailer’s stock valued at $84,072,000 after buying an additional 16,066 shares during the period. Synovus Financial Corp lifted its position in Costco Wholesale by 40.3% during the third quarter. Synovus Financial Corp now owns 21,611 shares of the retailer’s stock valued at $3,542,000 after buying an additional 6,211 shares during the period. KCS Wealth Advisory purchased a new position in Costco Wholesale during the fourth quarter valued at $1,110,000. Finally, Moors & Cabot Inc. lifted its position in Costco Wholesale by 167.6% during the second quarter. Moors & Cabot Inc. now owns 17,278 shares of the retailer’s stock valued at $2,763,000 after buying an additional 10,821 shares during the period. 72.79% of the stock is owned by institutional investors.
In related news, Director James D. Sinegal sold 30,000 shares of Costco Wholesale stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $192.06, for a total value of $5,761,800.00. Following the completion of the sale, the director now directly owns 746,209 shares in the company, valued at approximately $143,316,900.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy L. Rose sold 17,000 shares of Costco Wholesale stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $185.33, for a total value of $3,150,610.00. Following the completion of the sale, the vice president now owns 34,903 shares of the company’s stock, valued at $6,468,572.99. The disclosure for this sale can be found here. Insiders sold a total of 119,859 shares of company stock valued at $22,789,730 over the last quarter. 0.58% of the stock is owned by corporate insiders.
Shares of Costco Wholesale Co. (COST) opened at $187.46 on Wednesday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $199.88. The company has a market capitalization of $83,111.27, a PE ratio of 30.25, a P/E/G ratio of 3.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.44.
Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Wednesday, March 7th. The retailer reported $1.42 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.03). Costco Wholesale had a return on equity of 24.74% and a net margin of 2.18%. The business had revenue of $33 billion during the quarter, compared to the consensus estimate of $32.73 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. Costco Wholesale’s quarterly revenue was up 10.8% compared to the same quarter last year. analysts predict that Costco Wholesale Co. will post 6.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were issued a $0.50 dividend. The ex-dividend date was Thursday, February 15th. This represents a $2.00 annualized dividend and a yield of 1.07%. Costco Wholesale’s payout ratio is 29.81%.
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Costco Wholesale Profile
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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