Costco Wholesale Corporation (NASDAQ:COST) is expected to pay $0.45 on Nov 18, 2016. The indicated annual dividend is $1.80. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Costco Wholesale Corporation’s current price of $147.87, the dividend is 0.30%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 13, 2016. The stock decreased 1.26% or $1.89 on October 31, hitting $147.87. Costco Wholesale Corporation (NASDAQ:COST) has declined 6.17% since March 30, 2016 and is downtrending. It has underperformed by 9.19% the S&P500.
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The company has a market cap of $63.82 billion. The Firm operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet. It has a 27.74 P/E ratio. The Company’s warehouses generally operate on a seven-day, 69-hour week.
Insitutional Activity: The institutional sentiment increased to 1.01 in Q2 2016. Its up 0.06, from 0.95 in 2016Q1. The ratio is positive, as 75 funds sold all Costco Wholesale Corporation shares owned while 403 reduced positions. 73 funds bought stakes while 410 increased positions. They now own 314.43 million shares or 6.83% less from 337.47 million shares in 2016Q1.
Schwab Charles Inv Management has invested 0.26% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). The Virginia-based Motley Fool Wealth Mngmt Ltd has invested 0.42% in Costco Wholesale Corporation (NASDAQ:COST). Lazard Asset Management Ltd Llc last reported 517,130 shares in the company. Invest Of Virginia Limited Liability Corp accumulated 0.31% or 7,665 shares. Capwealth holds 0.72% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST) for 18,671 shares. State Of Wisconsin Inv Board reported 282,649 shares or 0.18% of all its holdings. Parallax Volatility Advisers Lp last reported 0.02% of its portfolio in the stock. The Japan-based Mu Invests Communication Limited has invested 2.66% in Costco Wholesale Corporation (NASDAQ:COST). Mount Vernon Assoc Md accumulated 12,105 shares or 4.06% of the stock. The Colorado-based Advsrs Asset Management has invested 0.22% in Costco Wholesale Corporation (NASDAQ:COST). Henderson Grp Incorporated Plc owns 164,196 shares or 0.21% of their US portfolio. Peak6 Invs Lp last reported 0.01% of its portfolio in the stock. Kbc Group Nv has invested 0.12% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Bridges Inv Management holds 0.09% or 3,630 shares in its portfolio. Commerzbank Aktiengesellschaft Fi, a Germany-based fund reported 19,832 shares.
Insider Transactions: Since July 11, 2016, the stock had 0 insider buys, and 10 selling transactions for $11.74 million net activity. $962,347 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by MEISENBACH JOHN W. SCHUTT DOUGLAS W sold 14,656 shares worth $2.44M. 7,442 shares were sold by RUCKELSHAUS JILL S, worth $1.24M on Tuesday, July 26. McKay John D sold $1.25M worth of stock or 7,500 shares. $360,135 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by LIBENSON RICHARD M on Tuesday, October 25. GALANTI RICHARD A sold $400,982 worth of Costco Wholesale Corporation (NASDAQ:COST) on Monday, July 11. $604,483 worth of Costco Wholesale Corporation (NASDAQ:COST) was sold by Rose Timothy L. on Wednesday, October 12.
Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage
Out of 21 analysts covering Costco Wholesale (NASDAQ:COST), 15 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 71% are positive. Costco Wholesale has been the topic of 41 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank on Wednesday, September 30 with “Hold”. The stock has “Outperform” rating given by Telsey Advisory Group on Monday, November 9. Telsey Advisory Group maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, October 1 with “Outperform” rating. On Friday, October 2 the stock rating was maintained by Sterne Agee CRT with “Buy”. Vetr upgraded it to “Buy” rating and $158.94 target price in Monday, August 24 report. The firm earned “Outperform” rating on Friday, February 5 by BMO Capital Markets. JP Morgan maintained Costco Wholesale Corporation (NASDAQ:COST) on Monday, October 5 with “Overweight” rating. Deutsche Bank maintained it with “Buy” rating and $196 target price in Monday, May 16 report. UBS upgraded the stock to “Buy” rating in Monday, October 26 report. Deutsche Bank upgraded the shares of COST in a report on Thursday, December 3 to “Buy” rating.
Another recent and important Costco Wholesale Corporation (NASDAQ:COST) news was published by Fool.com which published an article titled: “Are Shares of Costco Wholesale Corporation a Good Value?” on October 26, 2016.
COST Company Profile
Costco Wholesale Corporation, incorporated on May 12, 1987, 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. The Company’s average warehouse space is approximately 144,000 square feet. The Company’s warehouses on average operate on a seven-day, 70-hour week. The Firm offers merchandise in various categories, which include foods (including dry foods, packaged foods and groceries); sundries (including snack foods, candy, alcoholic and nonalcoholic beverages, and cleaning supplies); hardlines (including appliances, electronics, health and beauty aids, hardware, and garden and patio); fresh foods (including meat, produce, deli and bakery); softlines (including apparel and small appliances), and other (including gas stations and pharmacy).
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