Supplemental Annuity Collective Trust of NJ Has $1,006,000 Position in Costco Wholesale Corporation (COST)

Supplemental Annuity Collective Trust of NJ maintained its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,000 shares of the retailer’s stock at the end of the first quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Costco Wholesale Corporation were worth $1,006,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Garde Capital Inc. boosted its position in shares of Costco Wholesale Corporation by 233.2% in the third quarter. Garde Capital Inc. now owns 10,361 shares of the retailer’s stock valued at $1,498,000 after buying an additional 7,251 shares during the last quarter. PICTET BANK & TRUST Ltd boosted its position in shares of Costco Wholesale Corporation by 21.1% in the third quarter. PICTET BANK & TRUST Ltd now owns 25,120 shares of the retailer’s stock valued at $3,831,000 after buying an additional 4,380 shares during the last quarter. Pictet & Cie Europe SA boosted its position in shares of Costco Wholesale Corporation by 29.7% in the third quarter. Pictet & Cie Europe SA now owns 8,730 shares of the retailer’s stock valued at $1,331,000 after buying an additional 2,000 shares during the last quarter. Progressive Investment Management Corp boosted its position in shares of Costco Wholesale Corporation by 0.7% in the third quarter. Progressive Investment Management Corp now owns 18,279 shares of the retailer’s stock valued at $2,788,000 after buying an additional 129 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Costco Wholesale Corporation by 18.1% in the third quarter. Sigma Planning Corp now owns 10,141 shares of the retailer’s stock valued at $1,547,000 after buying an additional 1,551 shares during the last quarter. Institutional investors and hedge funds own 73.89% of the company’s stock.

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

Costco Wholesale Corporation (COST) traded down 1.66% on Monday, reaching $164.34. 13,809,043 shares of the company’s stock traded hands. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18. The firm’s 50 day moving average price is $176.49 and its 200 day moving average price is $168.68. The company has a market cap of $72.08 billion, a PE ratio of 28.53 and a beta of 0.96. Costco Wholesale Corporation also saw some unusual options trading on Friday. Stock traders acquired 4,563 call options on the stock. This represents an increase of approximately 643% compared to the typical daily volume of 614 call options.

Costco Wholesale Corporation (NASDAQ:COST) last released its quarterly earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The company had revenue of $28.86 billion for the quarter, compared to analyst estimates of $28.57 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. Costco Wholesale Corporation’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post $5.76 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, May 26th. Investors of record on Wednesday, May 10th were issued a dividend of $7.00 per share. This represents a yield of 1.13%. The ex-dividend date was Wednesday, May 10th. This is a positive change from Costco Wholesale Corporation’s previous special dividend of $0.45. Costco Wholesale Corporation’s dividend payout ratio is presently 34.66%.

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COST has been the subject of several analyst reports. Cowen and Company set a $190.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Friday, March 3rd. Credit Suisse Group set a $175.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “buy” rating in a research report on Sunday, March 5th. Jefferies Group LLC set a $156.00 price objective on shares of Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Monday, March 6th. Citigroup Inc. upped their price objective on shares of Costco Wholesale Corporation from $184.00 to $196.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $185.00 price objective on shares of Costco Wholesale Corporation in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $181.49.

In related news, insider John D. Mckay sold 3,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $181.60, for a total transaction of $544,800.00. Following the sale, the insider now owns 62,607 shares in the company, valued at approximately $11,369,431.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Sinegal sold 100,000 shares of the stock in a transaction on Friday, March 24th. The shares were sold at an average price of $166.35, for a total value of $16,635,000.00. Following the sale, the director now owns 717,296 shares in the company, valued at approximately $119,322,189.60. The disclosure for this sale can be found here. Insiders have sold a total of 113,000 shares of company stock worth $18,992,900 in the last 90 days. 0.74% of the stock is currently owned by insiders.

About Costco Wholesale Corporation

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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