Costco Wholesale Co. (COST) Position Decreased by Denver Investment Advisors LLC

Denver Investment Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 52,370 shares of the retailer’s stock after selling 3,549 shares during the period. Denver Investment Advisors LLC’s holdings in Costco Wholesale were worth $8,385,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norinchukin Bank The raised its position in Costco Wholesale by 0.9% in the third quarter. Norinchukin Bank The now owns 45,564 shares of the retailer’s stock valued at $6,949,000 after buying an additional 411 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Costco Wholesale by 2.6% in the third quarter. Chesley Taft & Associates LLC now owns 88,686 shares of the retailer’s stock valued at $13,526,000 after buying an additional 2,214 shares in the last quarter. Hosking Partners LLP raised its position in Costco Wholesale by 13.9% in the third quarter. Hosking Partners LLP now owns 520,001 shares of the retailer’s stock valued at $79,305,000 after buying an additional 63,639 shares in the last quarter. Teachers Advisors LLC raised its position in Costco Wholesale by 12.1% in the third quarter. Teachers Advisors LLC now owns 672,838 shares of the retailer’s stock valued at $102,615,000 after buying an additional 72,678 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Costco Wholesale by 5.8% in the third quarter. Public Employees Retirement Association of Colorado now owns 764,116 shares of the retailer’s stock valued at $116,535,000 after buying an additional 41,738 shares in the last quarter. 73.12% of the stock is owned by institutional investors.

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

Costco Wholesale Co. (NASDAQ:COST) opened at 166.02 on Friday. Costco Wholesale Co. has a 1-year low of $138.57 and a 1-year high of $178.71. The company has a 50-day moving average price of $170.61 and a 200-day moving average price of $158.71. The company has a market cap of $72.87 billion, a PE ratio of 30.63 and a beta of 0.89.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 2nd. The retailer reported $1.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by $0.19. Costco Wholesale had a net margin of 2.02% and a return on equity of 20.06%. The business had revenue of $29.77 billion for the quarter, compared to the consensus estimate of $29.75 billion. During the same period in the previous year, the firm earned $1.24 EPS. The company’s revenue was up 5.7% on a year-over-year basis. On average, analysts expect that Costco Wholesale Co. will post $5.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, February 8th. Costco Wholesale’s payout ratio is 32.79%.

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Several equities analysts recently commented on COST shares. Goldman Sachs Group Inc reiterated a “conviction-buy” rating and issued a $187.00 price objective on shares of Costco Wholesale in a research note on Saturday, January 21st. Telsey Advisory Group upped their price objective on Costco Wholesale from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, January 5th. Wells Fargo & Co reiterated a “hold” rating and issued a $152.50 price objective on shares of Costco Wholesale in a research note on Friday, December 9th. Cowen and Company reiterated an “outperform” rating and issued a $170.00 price objective on shares of Costco Wholesale in a research note on Monday, December 5th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $175.00 price objective on shares of Costco Wholesale in a research note on Sunday, January 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $178.69.

In other news, insider David S. Petterson sold 700 shares of the business’s stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of $161.13, for a total transaction of $112,791.00. Following the completion of the sale, the insider now owns 20,926 shares of the company’s stock, valued at approximately $3,371,806.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $166.95, for a total transaction of $667,800.00. Following the sale, the vice president now directly owns 44,049 shares of the company’s stock, valued at approximately $7,353,980.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,017 shares of company stock valued at $8,350,408. Insiders own 0.74% of the company’s stock.

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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