Skandinaviska Enskilda Banken AB publ cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 72,841 shares of the retailer’s stock after selling 766 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Costco Wholesale Corporation were worth $12,215,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in 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 stake in 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 stake in 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 stake in 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, Janus Capital Management LLC boosted its stake in Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock valued at $768,494,000 after buying an additional 361,581 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded up 0.01% during midday trading on Thursday, reaching $159.78. 977,772 shares of the company traded hands. The company has a 50 day moving average of $155.41 and a 200 day moving average of $167.48. The firm has a market capitalization of $70.08 billion, a P/E ratio of 27.74 and a beta of 0.93. 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 posted its quarterly earnings data on Thursday, May 25th. The retailer reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $28.86 billion for the quarter, compared to the consensus estimate of $28.57 billion. During the same period in the prior year, the firm posted $1.24 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Costco Wholesale Corporation will post $5.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, August 16th. Costco Wholesale Corporation’s dividend payout ratio is 34.66%.

TRADEMARK VIOLATION NOTICE: “Skandinaviska Enskilda Banken AB publ Has $12.22 Million Position in Costco Wholesale Corporation (COST)” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/17/skandinaviska-enskilda-banken-ab-publ-has-12-22-million-position-in-costco-wholesale-corporation-cost.html.

COST has been the subject of several analyst reports. Vetr cut shares of Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price target for the company. in a research note on Monday, June 19th. Robert W. Baird reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC reaffirmed an “overweight” rating and set a $190.00 price objective (up previously from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 3rd. One equities research 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 assigned a strong buy rating to the stock. Costco Wholesale Corporation has a consensus rating of “Buy” and a consensus target price of $179.11.

In other Costco Wholesale Corporation news, VP James P. Murphy sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $181.30, for a total transaction of $906,500.00. Following the sale, the vice president now directly owns 48,845 shares of the company’s stock, valued at $8,855,598.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 62,607 shares in the company, valued at $11,369,431.20. 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 over the last quarter. 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.

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COST).

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

Receive News & Ratings for Costco Wholesale Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale Corporation and related companies with MarketBeat.com's FREE daily email newsletter.