Costco Wholesale Corporation (COST) Position Lessened by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,800 shares of the retailer’s stock after selling 100 shares during the period. Intact Investment Management Inc.’s holdings in Costco Wholesale Corporation were worth $288,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of COST. Ameriprise Financial Inc. raised its position in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after buying an additional 1,753,741 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Costco Wholesale Corporation by 15,937.3% in the second quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock worth $9,058,000 after buying an additional 1,439,613 shares in the last quarter. Magellan Asset Management Ltd raised its position in shares of Costco Wholesale Corporation by 13.9% in the first quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock worth $732,000,000 after buying an additional 532,896 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Costco Wholesale Corporation by 76.1% in the second quarter. Principal Financial Group Inc. now owns 1,221,685 shares of the retailer’s stock worth $195,385,000 after buying an additional 527,746 shares in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after buying an additional 361,581 shares in the last quarter. Institutional investors own 72.61% of the company’s stock.

Shares of Costco Wholesale Corporation (COST) opened at $166.44 on Friday. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The company has a market cap of $72.73 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. During the same period last year, the business posted $1.77 earnings per share. Costco Wholesale Corporation’s quarterly revenue was up 15.7% compared to the same quarter last year. equities analysts anticipate that Costco Wholesale Corporation will post 6.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.00 annualized dividend and a yield of 1.20%. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

A number of brokerages recently issued reports on COST. Cowen and Company reiterated an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Monday, July 24th. Stifel Nicolaus set a $173.00 price objective on Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Wells Fargo & Company reiterated a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. Vetr downgraded Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating and set a $183.04 price objective on the stock. in a research report on Wednesday, September 27th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus target price of $178.50.

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In other news, VP Richard A. Galanti sold 5,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the transaction, the vice president now directly owns 41,396 shares in the company, valued at $6,647,369.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The disclosure for this sale can be found here. Insiders sold 15,350 shares of company stock valued at $2,477,680 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

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

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