Northwestern Mutual Investment Management Company LLC Has $2.63 Million Holdings in Costco Wholesale Corporation (COST)

Northwestern Mutual Investment Management Company LLC reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 81.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,718 shares of the retailer’s stock after selling 72,011 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Costco Wholesale Corporation were worth $2,625,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position 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 acquiring an additional 129,106 shares during the last quarter. Mechanics Bank Trust Department boosted its position 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 acquiring an additional 1,529 shares during the last quarter. Cadinha & Co. LLC boosted its position 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 acquiring an additional 8,518 shares during the last quarter. Stephens Inc. AR boosted its position 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 acquiring an additional 1,350 shares during the last quarter. Finally, Palo Capital Inc. boosted its position 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 acquiring an additional 50 shares during the last quarter. 72.61% of the stock is currently owned by institutional investors.

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

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

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

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

The firm 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio is presently 32.89%.

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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