Teachers Advisors LLC Decreases Holdings in Costco Wholesale Corporation (COST)

Teachers Advisors LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,068,033 shares of the retailer’s stock after selling 21,048 shares during the quarter. Teachers Advisors LLC owned approximately 0.24% of Costco Wholesale Corporation worth $170,811,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Seven Eight Capital LP grew its stake in shares of Costco Wholesale Corporation by 2,030.8% in the second quarter. Seven Eight Capital LP now owns 27,700 shares of the retailer’s stock worth $4,430,000 after acquiring an additional 26,400 shares during the last quarter. Capital Wealth Planning LLC purchased a new stake in shares of Costco Wholesale Corporation in the second quarter worth $27,063,000. SVA Plumb Wealth Management LLC grew its stake in shares of Costco Wholesale Corporation by 0.3% in the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after acquiring an additional 7 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Costco Wholesale Corporation by 6.4% in the second quarter. Raymond James Trust N.A. now owns 12,980 shares of the retailer’s stock worth $2,075,000 after acquiring an additional 777 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC grew its stake in shares of Costco Wholesale Corporation by 3.7% in the second quarter. Jacobson & Schmitt Advisors LLC now owns 44,901 shares of the retailer’s stock worth $7,181,000 after acquiring an additional 1,621 shares during the last quarter. Institutional investors and hedge funds own 72.76% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at $171.36 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $74,882.54, a price-to-earnings ratio of 29.44, a P/E/G ratio of 2.74 and a beta of 0.93. Costco Wholesale Corporation has a 1-year low of $145.38 and a 1-year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its 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. The business had revenue of $42.30 billion during the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.21% and a net margin of 2.08%. Costco Wholesale Corporation’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.77 EPS. equities analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

A number of equities research analysts have recently commented on COST shares. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price on the stock in a research note on Monday, August 21st. Deutsche Bank AG reissued a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Citigroup Inc. reissued a “buy” rating and issued a $190.00 target price (up from $187.00) on shares of Costco Wholesale Corporation in a research note on Monday, October 9th. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $190.00 price objective (up from $184.00) on shares of Costco Wholesale Corporation in a research report on Friday, October 6th. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $178.34.

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In other news, VP Dennis R. Zook sold 5,000 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total value of $809,600.00. Following the completion of the transaction, the vice president now directly owns 626 shares of the company’s stock, valued at approximately $101,361.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,731 shares of company stock valued at $3,214,389. 0.74% of the stock is currently owned by corporate insiders.

Costco Wholesale Corporation 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.

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

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