Dynamic Technology Lab Private Ltd Acquires New Stake in Costco Wholesale Co. (NASDAQ:COST)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,040 shares of the retailer’s stock, valued at approximately $2,565,000. Costco Wholesale comprises about 0.5% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds have also added to or reduced their stakes in COST. Dai Ichi Life Insurance Company Ltd boosted its position in Costco Wholesale by 107.8% during the 1st quarter. Dai Ichi Life Insurance Company Ltd now owns 67,456 shares of the retailer’s stock valued at $11,312,000 after buying an additional 35,000 shares during the period. Arizona State Retirement System boosted its position in Costco Wholesale by 0.4% during the 1st quarter. Arizona State Retirement System now owns 120,095 shares of the retailer’s stock valued at $20,139,000 after buying an additional 500 shares during the period. Blair William & Co. IL boosted its position in Costco Wholesale by 4.6% during the 1st quarter. Blair William & Co. IL now owns 613,112 shares of the retailer’s stock valued at $104,119,000 after buying an additional 26,929 shares during the period. Accredited Investors Inc. boosted its position in Costco Wholesale by 0.8% during the 1st quarter. Accredited Investors Inc. now owns 2,150 shares of the retailer’s stock valued at $361,000 after buying an additional 17 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in Costco Wholesale during the 1st quarter valued at $202,000. 71.49% of the stock is currently owned by institutional investors.

In other Costco Wholesale news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,150,152.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $512,850.00. Following the transaction, the chief financial officer now directly owns 35,225 shares in the company, valued at approximately $6,021,713.75. The disclosure for this sale can be found here. Insiders have sold 32,842 shares of company stock worth $5,520,848 in the last ninety days. Insiders own 0.74% of the company’s stock.

Costco Wholesale Co. (NASDAQ:COST) opened at $192.73 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. The stock has a market cap of $84,221.08, a P/E ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98. Costco Wholesale Co. has a 1-year low of $150.00 and a 1-year high of $195.35.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.01. The company had revenue of $31.81 billion for the quarter, compared to the consensus estimate of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. analysts expect that Costco Wholesale Co. will post 6.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 16th. Costco Wholesale’s dividend payout ratio is currently 31.80%.

Several equities research analysts have weighed in on COST shares. Vetr raised shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price target for the company in a research report on Monday, August 21st. Deutsche Bank reaffirmed a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale in a research report on Tuesday, September 5th. Citigroup reaffirmed a “buy” rating and issued a $190.00 target price (up from $187.00) on shares of Costco Wholesale in a research report on Monday, October 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $190.00 target price (up from $184.00) on shares of Costco Wholesale in a research report on Friday, October 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $162.00 target price (down from $168.00) on shares of Costco Wholesale in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.20.

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Costco Wholesale 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 (NASDAQ:COST)

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