United Services Automobile Association trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,918 shares of the retailer’s stock after selling 12,009 shares during the quarter. United Services Automobile Association owned 0.06% of Costco Wholesale Corporation worth $44,927,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in COST. Ameriprise Financial Inc. raised its holdings in shares of Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the period. Swiss National Bank raised its holdings in shares of Costco Wholesale Corporation by 26.2% during the 1st quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock valued at $267,802,000 after buying an additional 331,400 shares during the period. American Century Companies Inc. grew its stake in Costco Wholesale Corporation by 15.2% during the 1st quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock valued at $368,466,000 after purchasing an additional 289,788 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Costco Wholesale Corporation during the 1st quarter valued at approximately $46,978,000. Finally, Columbus Circle Investors acquired a new stake in Costco Wholesale Corporation during the 1st quarter valued at approximately $39,312,000. Institutional investors own 72.50% of the company’s stock.
Costco Wholesale Corporation (NASDAQ COST) opened at 160.04 on Wednesday. The firm has a 50-day moving average price of $156.49 and a 200-day moving average price of $165.72. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock has a market cap of $70.19 billion, a P/E ratio of 27.78 and a beta of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is 34.66%.
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COST has been the subject of a number of recent analyst reports. Vetr upgraded Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a research note on Monday, August 21st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research note on Thursday, August 24th. Robert W. Baird restated an “outperform” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research note on Tuesday, May 30th. Barclays PLC restated an “overweight” rating and set a $190.00 price objective (up previously from $185.00) on shares of Costco Wholesale Corporation in a research note on Sunday, May 28th. Finally, BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Costco Wholesale Corporation currently has a consensus rating of “Buy” and an average price target of $179.23.
In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation 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 transaction, the director now directly owns 4,974 shares of the company’s stock, valued at $792,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,000 shares of company stock worth $477,120 over the last three months. 0.74% of the stock is currently owned by insiders.
Costco Wholesale Corporation Company 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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