Costco Wholesale Corporation (NASDAQ:COST).
Swedbank bought 84,939 shares in the previous quarter increasing its stake in Costco Wholesale Corporation (COST) by 13.4%. Its investment was valued 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 quarter end Pennsylvania Trust Co had acquired 3,577 shares growing its stake by 9.6%. The value of the investment in Costco Wholesale Corporation increased from $6,229,000 to $6,513,000 a change of 4.6% quarter to quarter. Gateway Investment Advisers LLC downsized its position by shedding 110 shares a decrease of 0.3% in the quarter. Gateway Investment Advisers LLC currently owns 31,498 shares valued at $5,037,000. The total value of its holdings decreased 5.0%.
As of the end of the quarter Clinton Group Inc had sold a total of 38,204 shares trimming its position 61.9%. The value of the company’s investment in Costco Wholesale Corporation went from $9,414,000 to $3,945,000 a change of $5,469,000 quarter over quarter.
On July 10 the company was downgraded to “Market Perform” from “Outperform” by analysts at BMO Capital. On June 26 the company was rated “Outperform” according to a Raymond James report which was a boost from the previous “” rating.
On June 19, 2017 the stock rating was set at “Hold” in a report from Deutsche Bank which is down from the previous “Buy” rating. December 5 investment analysts at Deutsche Bank maintained a company rating of “Buy” and raised the price target to $194.00 from $155.00.
On November 9 the stock rating was upgraded from “” to “Buy” in a report from Edward Jones. On October 19 the stock rating was upgraded from “Neutral” to “Market Perform” in an announcement from Northcoast Research.
In the market the company is trading up by 0.48% since yesterday’s close of $151.11. The company announced a dividend for shareholders which 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 amount represented a yeild of $1.30. The ex-dividend date was set for Wednesday the 10th of May 2017.
Shares of the company are trading at $151.84 just a bit lower than the 50 day moving average of $172.28 and which is marginally under the 200 day moving average of $169.16. The 50 day moving average went down $-20.34 or -11.81% and the 200 day average moved down $-17.22.
The company’s P/E ratio is 26.38 and the market cap is 66.64B. As of the last earnings report the EPS was $5.76 and is projected to be $5.77 for the current year with 438,593,000 shares now outstanding. Next quarter’s EPS is expected be $1.30 and the next full year EPS is anticipated to be $6.40.
Investors are a little more bullish on shares of Costco Wholesale Corporation lately if you pay attention to the change in short interest. The firm saw a fall in short interest of -3.22% between June 15, 2017 and May 31, 2017. Short interest fell from 8,262,209 to 7,996,466 over that timeframe. The days to cover increased to 4.3 and the short interest percentage is 0.02% as of May 31.