Costco Wholesale Corporation (NASDAQ:COST).
Swedbank says it bought 84,939 shares in quarter ending 06/30/2017 increasing its stake in Costco Wholesale Corporation (COST) by 13.4%. Its position stood at $115,309,000 an increase of $8,648,000 according to the filing.
The following firms have also recently changed their position in COST. As of the end of the quarter Pennsylvania Trust Co had bought 3,577 shares growing its holdings by 9.6%. The value of the investment in COST increased from $6,229,000 to $6,513,000 a change of 4.6% quarter over quarter. As of quarter end Gateway Investment Advisers LLC had disposed of a total of 110 shares trimming its position 0.3%. The value of the company’s investment in Costco Wholesale Corporation went from $5,300,000 to $5,037,000 decreasing 5.0% since the last quarter.
As of quarter end Clinton Group Inc had disposed of 38,204 shares trimming its stake by 61.9%. The value of the investment in (COST) decreased from $9,414,000 to $3,945,000 a change of $5,469,000 quarter to quarter.
On July 10, 2017 the stock rating was set at “Market Perform” according to a BMO Capital report a cut from the previous “Outperform” rating. On June 26 the company was rated “Outperform” in a report from Raymond James which is up from the previous “” rating.
On June 19 the stock rating was downgraded from “Buy” to “Hold” in a statement from Deutsche Bank. December 5 investment analysts at Deutsche Bank kept the stock rating at “Buy” and raised the price target to $194.00 from $155.00.
On November 9, 2016 the stock rating was changed to a “Buy” by Edward Jones which was a boost from the previous “” rating. On October 19 the company was upgraded to “Market Perform” from “Neutral” by analysts at Northcoast Research.
The company is trading up from yesterday’s close of $151.11. Additionally the company announced a dividend for shareholders that was paid on Friday the 26th of May 2017. The dividend was $0.500 per share for the quarter or $2.00 on an annualized basis. This dividend represents a yeild of $1.30 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 10th of May 2017.
Shares of the company are trading at $151.84 which is slightly below $172.28, the 50 day moving average and which is marginally lower than the 200 day moving average of $169.16. The 50 day moving average moved down $-20.34 whereas the 200 day average was down by -10.18%.
The most current P/E ratio is 26.38 and the market cap of the company is 66.64B. In the latest earnings report the EPS was $5.76 and is expected to be $5.77 for the current year with 438,593,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $1.30 with next year’s EPS projected to be $6.40.
Investors are more bullish on the company lately if you take into consideration the decrease in short interest. The company saw a fall in short interest between June 15, 2017 and May 31, 2017 of -3.22%. Short shares decreased 265,743 over that period. The days to cover increased to 4.3 and the percentage of shorted shares is 0.02% as of May 31.