Quantitative Investment Management LLC Grows Position in Costco Wholesale Corporation (COST)

Quantitative Investment Management LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 110.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,000 shares of the retailer’s stock after acquiring an additional 106,900 shares during the period. Quantitative Investment Management LLC’s holdings in Costco Wholesale Corporation were worth $32,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Delta Asset Management LLC TN increased its position in shares of Costco Wholesale Corporation by 11.6% in the 2nd quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock valued at $100,000 after acquiring an additional 65 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of Costco Wholesale Corporation in the 2nd quarter valued at $101,000. Northwest Investment Counselors LLC acquired a new position in shares of Costco Wholesale Corporation in the 2nd quarter valued at $107,000. Mercer Capital Advisers Inc. boosted its holdings in Costco Wholesale Corporation by 3.5% in the second quarter. Mercer Capital Advisers Inc. now owns 687 shares of the retailer’s stock valued at $110,000 after purchasing an additional 23 shares during the last quarter. Finally, Ledyard National Bank boosted its holdings in Costco Wholesale Corporation by 19.1% in the second quarter. Ledyard National Bank now owns 810 shares of the retailer’s stock valued at $130,000 after purchasing an additional 130 shares during the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Corporation (COST) opened at $170.98 on Friday. The company has a market cap of $74,720.00, a PE ratio of 29.46, a price-to-earnings-growth ratio of 2.74 and a beta of 0.93. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale Corporation has a 1-year low of $149.52 and a 1-year high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last announced its quarterly earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 EPS. equities research analysts expect that Costco Wholesale Corporation will post 6.45 earnings per share for the current year.

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

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In other news, Director Richard M. Libenson sold 2,350 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $162.00, for a total transaction of $380,700.00. Following the completion of the sale, the director now owns 4,109 shares in the company, valued at approximately $665,658. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dennis R. Zook sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $161.92, for a total transaction of $809,600.00. Following the sale, the vice president now owns 626 shares of the company’s stock, valued at approximately $101,361.92. The disclosure for this sale can be found here. Insiders have sold a total of 30,842 shares of company stock valued at $5,128,658 in the last 90 days. Insiders own 0.74% of the company’s stock.

COST has been the topic of several recent research reports. Cowen and Company set a $180.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Saturday, July 22nd. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $168.75 price target on the stock in a report on Monday, July 24th. Robert W. Baird set a $200.00 price target on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Deutsche Bank AG set a $172.00 price target on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a report on Monday, July 31st. Finally, BidaskClub raised shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus price target of $178.34.

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.

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

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