Nomura Holdings Inc. Sells 24,643 Shares of Costco Wholesale Corporation (COST)

Nomura Holdings Inc. lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 91.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,160 shares of the retailer’s stock after selling 24,643 shares during the period. Nomura Holdings Inc.’s holdings in Costco Wholesale Corporation were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock valued at $3,040,476,000 after buying an additional 239,479 shares during the period. FMR LLC boosted its position in shares of Costco Wholesale Corporation by 1.5% in the first quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock valued at $2,028,898,000 after buying an additional 177,200 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Costco Wholesale Corporation by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock valued at $1,048,798,000 after buying an additional 79,201 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Costco Wholesale Corporation by 5.8% in the first quarter. TIAA CREF Investment Management LLC now owns 3,617,920 shares of the retailer’s stock valued at $606,689,000 after buying an additional 199,591 shares during the period. 74.14% of the stock is owned by institutional investors.

Costco Wholesale Corporation (NASDAQ:COST) traded up 0.01% during trading on Friday, reaching $156.65. The company’s stock had a trading volume of 1,886,996 shares. The company has a market cap of $68.71 billion, a price-to-earnings ratio of 27.20 and a beta of 0.93. The stock’s 50 day moving average is $155.46 and its 200 day moving average is $167.57. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

Costco Wholesale Corporation (NASDAQ:COST) last issued its earnings results on Thursday, May 25th. The retailer reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.09. Costco Wholesale Corporation had a net margin of 2.06% and a return on equity of 20.45%. The business had revenue of $28.86 billion for the quarter, compared to analysts’ expectations of $28.57 billion. During the same quarter in the previous year, the firm posted $1.24 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Costco Wholesale Corporation will post $5.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be issued a dividend of $0.50 per share. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.28%. Costco Wholesale Corporation’s payout ratio is presently 34.66%.

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Several research analysts recently commented on the company. Bank of America Corporation reissued a “buy” rating and set a $192.00 price target (up from $180.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Deutsche Bank AG set a $172.00 price target on Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Monday, July 31st. Barclays PLC raised Costco Wholesale Corporation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $170.00 to $185.00 in a research report on Thursday, April 20th. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research report on Friday, May 26th. Finally, UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and a consensus target price of $179.11.

In other Costco Wholesale Corporation news, insider John D. Mckay sold 3,000 shares of the business’s stock in a transaction on Monday, June 5th. The shares were 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 of the company’s stock, valued at approximately $11,369,431.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were 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 approximately $792,109.50. The disclosure for this sale can be found here. Insiders have sold a total of 15,000 shares of company stock worth $2,677,430 in the last three months. Insiders own 0.74% of the company’s stock.

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

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