Meiji Yasuda Life Insurance Co Maintains Holdings in Costco Wholesale Corporation (COST)

Meiji Yasuda Life Insurance Co continued to hold its position in Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the retailer’s stock at the end of the 2nd quarter. Meiji Yasuda Life Insurance Co’s holdings in Costco Wholesale Corporation were worth $283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in shares of Costco Wholesale Corporation by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after buying an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department increased its stake in shares of Costco Wholesale Corporation by 4.8% in the second quarter. Mechanics Bank Trust Department now owns 33,556 shares of the retailer’s stock worth $5,366,000 after buying an additional 1,529 shares during the last quarter. Cadinha & Co. LLC increased its stake in shares of Costco Wholesale Corporation by 7.3% in the second quarter. Cadinha & Co. LLC now owns 124,642 shares of the retailer’s stock worth $19,934,000 after buying an additional 8,518 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Costco Wholesale Corporation by 3.1% in the first quarter. Stephens Inc. AR now owns 44,405 shares of the retailer’s stock worth $7,446,000 after buying an additional 1,350 shares during the last quarter. Finally, Palo Capital Inc. increased its stake in shares of Costco Wholesale Corporation by 0.7% in the second quarter. Palo Capital Inc. now owns 7,669 shares of the retailer’s stock worth $1,227,000 after buying an additional 50 shares during the last quarter. Institutional investors own 72.61% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ COST) opened at $166.44 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.43. Costco Wholesale Corporation has a 1 year low of $142.11 and a 1 year high of $183.18. The company has a market cap of $72,732.62, a PE ratio of 28.60, a price-to-earnings-growth ratio of 2.66 and a beta of 0.93.

Costco Wholesale Corporation (NASDAQ:COST) last issued its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 EPS for the quarter, topping the 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 firm had revenue of $42.30 billion for the quarter, compared to analysts’ expectations of $41.55 billion. During the same period in the previous year, the business earned $1.77 earnings per share. Costco Wholesale Corporation’s revenue for the quarter 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 year.

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

In other Costco Wholesale Corporation news, VP Dennis R. Zook sold 5,000 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the sale, the vice president now owns 626 shares in the company, valued at approximately $101,361.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the sale, the director now owns 6,974 shares in the company, valued at approximately $1,099,032.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,350 shares of company stock worth $2,477,680. 0.74% of the stock is owned by company insiders.

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COST has been the subject of a number of research analyst reports. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research note on Monday, August 21st. Deutsche Bank AG restated a “hold” rating and issued a $172.00 price target on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Citigroup Inc. restated a “buy” rating and issued a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $190.00 target price (up previously from $184.00) on shares of Costco Wholesale Corporation in a research note on Friday, October 6th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $178.78.

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.

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

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