Swedbank Increases Stake in Costco Wholesale Corporation (COST)

Swedbank lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 13.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 720,999 shares of the retailer’s stock after purchasing an additional 84,939 shares during the period. Swedbank owned about 0.16% of Costco Wholesale Corporation worth $115,309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Costco Wholesale Corporation during the second quarter valued at approximately $107,000. Mercer Capital Advisers Inc. lifted its position in Costco Wholesale Corporation by 43.4% during the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock valued at $111,000 after acquiring an additional 201 shares during the last quarter. Mosaic Family Wealth LLC lifted its position in Costco Wholesale Corporation by 16.7% during the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock valued at $117,000 after acquiring an additional 100 shares during the last quarter. CKW Financial Group lifted its position in Costco Wholesale Corporation by 33.1% during the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock valued at $135,000 after acquiring an additional 200 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Costco Wholesale Corporation by 142.1% during the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock valued at $154,000 after acquiring an additional 540 shares during the last quarter. 72.35% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 3,000 shares of company stock worth $477,120 over the last three months. 0.74% of the stock is currently owned by corporate insiders.

COST has been the subject of a number of 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 for the company in a research report on Monday, August 21st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and set a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and set a $190.00 target price (up previously from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Finally, BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $179.37.

WARNING: This piece was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.truebluetribune.com/2017/09/24/swedbank-increases-stake-in-costco-wholesale-corporation-cost.html.

Costco Wholesale Corporation (NASDAQ COST) traded down 0.12% during trading on Friday, reaching $161.29. 1,535,895 shares of the company’s stock traded hands. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The firm’s 50 day moving average price is $157.91 and its 200-day moving average price is $165.08. The stock has a market cap of $70.74 billion, a P/E ratio of 28.00 and a beta of 0.93.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.50 dividend. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply