Costco Wholesale Co. (COST) Position Trimmed by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,873 shares of the retailer’s stock after selling 216 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Costco Wholesale were worth $6,696,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in COST. Delta Asset Management LLC TN lifted its position in shares of Costco Wholesale by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $101,000. Northwest Investment Counselors LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $107,000. Mercer Capital Advisers Inc. lifted its position in shares of Costco Wholesale by 3.5% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock worth $110,000 after acquiring an additional 23 shares during the period. Finally, Ledyard National Bank lifted its position in shares of Costco Wholesale by 19.1% in the 2nd quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock worth $130,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In related news, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now directly owns 4,109 shares of the company’s stock, valued at approximately $665,658. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard A. Galanti sold 5,000 shares of the firm’s 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 sale, the vice president now directly owns 41,396 shares of the company’s stock, valued at $6,647,369.68. The disclosure for this sale can be found here. Insiders have sold a total of 32,842 shares of company stock valued at $5,520,848 over the last ninety days. Insiders own 0.74% of the company’s stock.

COST has been the subject of a number of research reports. Vetr upgraded Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a research report on Monday, August 21st. Deutsche Bank reiterated a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup reiterated a “buy” rating and issued a $190.00 price objective (up previously from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $190.00 price objective (up previously from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $162.00 price objective (down previously from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus price target of $179.50.

Costco Wholesale Co. (NASDAQ:COST) opened at $189.56 on Tuesday. Costco Wholesale Co. has a twelve month low of $150.00 and a twelve month high of $189.88. 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 stock has a market capitalization of $82,840.00, a P/E ratio of 31.81, a PEG ratio of 2.95 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. Costco Wholesale had a return on equity of 22.21% and a net margin of 2.08%. The firm had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. During the same period last year, the firm posted $1.77 EPS. The business’s revenue was up 15.7% on a year-over-year basis. research analysts predict that Costco Wholesale Co. will post 6.46 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.06%. Costco Wholesale’s dividend payout ratio is 32.89%.

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About Costco Wholesale

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 (NASDAQ:COST)

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