Exxonmobil Investment Management Inc. TX trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 13.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,209 shares of the retailer’s stock after selling 13,264 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Costco Wholesale Corporation were worth $13,468,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Trust Co. of Vermont increased its position in Costco Wholesale Corporation by 3.6% during the second quarter. Trust Co. of Vermont now owns 36,058 shares of the retailer’s stock worth $5,767,000 after buying an additional 1,257 shares during the last quarter. Northstar Group Inc. boosted its holdings in Costco Wholesale Corporation by 1.0% during the second quarter. Northstar Group Inc. now owns 19,977 shares of the retailer’s stock valued at $3,195,000 after acquiring an additional 197 shares during the period. NEXT Financial Group Inc boosted its holdings in Costco Wholesale Corporation by 4.2% during the second quarter. NEXT Financial Group Inc now owns 8,644 shares of the retailer’s stock valued at $1,382,000 after acquiring an additional 345 shares during the period. CHICAGO TRUST Co NA boosted its holdings in Costco Wholesale Corporation by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares during the period. Finally, Hills Bank & Trust Co. boosted its holdings in Costco Wholesale Corporation by 9.9% during the second quarter. Hills Bank & Trust Co. now owns 4,289 shares of the retailer’s stock valued at $686,000 after acquiring an additional 386 shares during the period. 72.35% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Corporation (COST) traded up 0.60% during mid-day trading on Monday, hitting $162.25. 739,482 shares of the stock traded hands. The firm’s 50-day moving average price is $157.91 and its 200-day moving average price is $165.08. The firm has a market cap of $71.16 billion, a P/E ratio of 28.17 and a beta of 0.93. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18.
The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is 34.66%.
COST has been the subject of a number of recent analyst reports. Bank of America Corporation restated a “buy” rating and set a $192.00 price target (up from $180.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Barclays PLC restated an “overweight” rating and set a $190.00 price target (up from $185.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “hold” rating and set a $182.09 price target for the company. in a report on Monday, May 29th. Robert W. Baird restated an “outperform” rating and set a $200.00 price target on shares of Costco Wholesale Corporation in a report on Tuesday, May 30th. Finally, Citigroup Inc. upped their price target on shares of Costco Wholesale Corporation from $196.00 to $201.00 and gave the company a “buy” rating in a report on Tuesday, May 30th. Ten analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $179.37.
In other news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 3,000 shares of company stock valued at $477,120. 0.74% of the stock is currently owned by insiders.
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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.
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