Keybank National Association OH Increases Stake in Costco Wholesale Co. (COST)

Keybank National Association OH boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,986 shares of the retailer’s stock after purchasing an additional 12,761 shares during the quarter. Keybank National Association OH owned about 0.09% of Costco Wholesale worth $67,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Costco Wholesale by 2.9% during the second quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after purchasing an additional 937,121 shares in the last quarter. BlackRock Inc. boosted its position in Costco Wholesale by 2.9% during the second quarter. BlackRock Inc. now owns 24,905,256 shares of the retailer’s stock valued at $3,983,097,000 after purchasing an additional 703,825 shares in the last quarter. Capital World Investors boosted its position in Costco Wholesale by 6.0% during the second quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after purchasing an additional 1,007,720 shares in the last quarter. FMR LLC boosted its position in Costco Wholesale by 1.5% during the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after purchasing an additional 177,200 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in Costco Wholesale by 2.3% during the second quarter. Capital Research Global Investors now owns 9,281,245 shares of the retailer’s stock valued at $1,484,350,000 after purchasing an additional 207,675 shares in the last quarter. 70.87% of the stock is currently owned by institutional investors.

Costco Wholesale Co. (NASDAQ:COST) opened at $186.55 on Wednesday. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $195.35. The stock has a market capitalization of $81,930.00, a PE ratio of 29.66, a PEG ratio of 3.14 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same period last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts anticipate that Costco Wholesale Co. will post 6.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is 31.80%.

Several equities research analysts have weighed in on COST shares. Deutsche Bank reissued a “hold” rating and issued a $172.00 price target on shares of Costco Wholesale in a report on Tuesday, September 5th. Citigroup reissued a “buy” rating and issued a $190.00 price target (up previously from $187.00) on shares of Costco Wholesale in a report on Monday, October 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $190.00 price target (up previously from $184.00) on shares of Costco Wholesale in a report on Friday, October 6th. Jefferies Group reissued a “hold” rating and issued a $162.00 price target (down previously from $168.00) on shares of Costco Wholesale in a report on Friday, October 6th. Finally, Oppenheimer set a $185.00 price target on Costco Wholesale and gave the stock a “buy” rating in a report on Friday, October 6th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and a consensus target price of $187.32.

In related news, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the transaction, the vice president now directly owns 626 shares in the company, valued at $101,361.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $170.95, for a total value of $512,850.00. Following the transaction, the chief financial officer now owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,842 shares of company stock valued at $10,347,448. Company insiders own 0.58% of the company’s stock.

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

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