Teacher Retirement System of Texas continued to hold its position in Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,815 shares of the retailer’s stock at the end of the first quarter. Teacher Retirement System of Texas’ holdings in Costco Wholesale Corporation were worth $22,104,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Costco Wholesale Corporation by 1.5% in the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after acquiring an additional 177,200 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Costco Wholesale Corporation by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after acquiring an additional 79,201 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Costco Wholesale Corporation by 62.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after acquiring an additional 1,753,741 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Costco Wholesale Corporation by 5.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 3,617,920 shares of the retailer’s stock worth $606,689,000 after acquiring an additional 199,591 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Costco Wholesale Corporation by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,248,905 shares of the retailer’s stock worth $544,809,000 after acquiring an additional 129,106 shares during the period. 72.50% of the stock is owned by hedge funds and other institutional investors.
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In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 3,000 shares of company stock worth $477,120. Company insiders own 0.74% of the company’s stock.
Costco Wholesale Corporation (NASDAQ:COST) traded down 0.22% during mid-day trading on Friday, hitting $162.01. 1,957,642 shares of the company traded hands. The stock has a market capitalization of $71.06 billion, a price-to-earnings ratio of 28.13 and a beta of 0.93. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. The company’s 50-day moving average is $157.32 and its 200-day moving average is $165.55. Costco Wholesale Corporation also saw unusually large options trading on Thursday. Stock traders acquired 6,031 put options on the stock. This represents an increase of 231% compared to the average volume of 1,822 put options.
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 is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is 34.66%.
A number of brokerages have recently weighed in on COST. UBS AG raised shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, June 26th. Guggenheim reaffirmed a “neutral” rating on shares of Costco Wholesale Corporation in a research note on Friday, June 2nd. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Costco Wholesale Corporation from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday. Finally, BMO Capital Markets set a $195.00 target price on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Friday, May 26th. Ten research 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 company. The company currently has a consensus rating of “Buy” and an average target price of $179.23.
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.
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