Costco Wholesale Co. (NASDAQ:COST) Holdings Lifted by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,464,392 shares of the retailer’s stock after acquiring an additional 114,721 shares during the period. UBS Asset Management Americas Inc. owned about 0.33% of Costco Wholesale worth $234,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Brightworth lifted its position in shares of Costco Wholesale by 0.3% during the 2nd quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after purchasing an additional 4 shares during the last quarter. Pioneer Trust Bank N A OR lifted its position in shares of Costco Wholesale by 0.4% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after purchasing an additional 7 shares during the last quarter. SVA Plumb Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the 2nd quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after purchasing an additional 7 shares during the last quarter. Marshall & Sullivan Inc. WA lifted its position in shares of Costco Wholesale by 0.6% during the 1st quarter. Marshall & Sullivan Inc. WA now owns 1,590 shares of the retailer’s stock worth $272,000 after purchasing an additional 10 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its position in Costco Wholesale by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,515 shares of the retailer’s stock valued at $402,000 after acquiring an additional 12 shares during the last quarter. Institutional investors and hedge funds own 71.49% of the company’s stock.

In other Costco Wholesale news, VP Dennis R. Zook sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the transaction, the vice president now owns 626 shares of the company’s stock, valued at $101,361.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Richard A. Galanti sold 3,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the completion of the sale, the chief financial officer now directly owns 35,225 shares of the company’s stock, 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 three months. Insiders own 0.74% of the company’s stock.

COST has been the subject of a number of research reports. Moffett Nathanson initiated coverage on shares of Costco Wholesale in a research report on Monday. They issued a “buy” rating for the company. < 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. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Morgan Stanley cut shares of Costco Wholesale from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $190.00 to $165.00 in a report on Friday, October 6th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Monday, September 25th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and a consensus target price of $179.50.

Shares of Costco Wholesale Co. (COST) traded up $4.43 during midday trading on Monday, hitting $189.56. 5,772,961 shares of the company’s stock traded hands, compared to its average volume of 3,106,015. Costco Wholesale Co. has a 12 month low of $150.00 and a 12 month high of $189.88. The stock has a market capitalization of $82,840.00, a P/E ratio of 31.81, a PEG ratio of 2.95 and a beta of 0.98. 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 (NASDAQ:COST) last announced its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.77 earnings per share. equities research analysts expect that Costco Wholesale Co. will post 6.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, November 16th. Costco Wholesale’s payout ratio is 32.89%.

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About Costco Wholesale

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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