Traders sold shares of Costco Wholesale Corp. (NASDAQ:COST) on strength during trading hours on Friday. $55.49 million flowed into the stock on the tick-up and $76.78 million flowed out of the stock on the tick-down, for a money net flow of $21.29 million out of the stock. Of all stocks tracked, Costco Wholesale Corp. had the 0th highest net out-flow for the day. Costco Wholesale Corp. traded up $1.15 for the day and closed at $167.70

A number of analysts have issued reports on the company. Jefferies Group reissued a “hold” rating and issued a $135.00 target price (down previously from $142.00) on shares of Costco Wholesale Corp. in a research report on Sunday, May 8th. Zacks Investment Research lowered Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Bank of America Corp. reaffirmed a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, June 4th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $175.00 price objective on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Costco Wholesale Corp. has a consensus rating of “Buy” and an average price target of $172.73.

The stock has a market capitalization of $73.46 billion and a PE ratio of 31.70. The stock has a 50-day moving average of $162.91 and a 200-day moving average of $153.74.

Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Wednesday, May 25th. The retailer reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. During the same quarter in the previous year, the company posted $1.11 EPS. Equities analysts predict that Costco Wholesale Corp. will post $5.30 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, August 10th.

In other news, Director Jill S. Ruckelshaus sold 7,442 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $167.10, for a total value of $1,243,558.20. Following the completion of the sale, the director now owns 18,566 shares of the company’s stock, valued at approximately $3,102,378.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Richard A. Galanti sold 2,400 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $167.08, for a total transaction of $400,992.00. Following the completion of the sale, the chief financial officer now directly owns 30,536 shares of the company’s stock, valued at approximately $5,101,954.88. The disclosure for this sale can be found here.

Several large investors recently added to or reduced their stakes in COST. Private Advisor Group LLC increased its stake in Costco Wholesale Corp. by 46.2% in the fourth quarter. Private Advisor Group LLC now owns 27,639 shares of the retailer’s stock valued at $4,464,000 after buying an additional 8,736 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in Costco Wholesale Corp. by 1.5% in the fourth quarter. Pinnacle Associates Ltd. now owns 22,928 shares of the retailer’s stock valued at $3,703,000 after buying an additional 329 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Costco Wholesale Corp. by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,207,691 shares of the retailer’s stock valued at $196,503,000 after buying an additional 18,427 shares during the last quarter. Karp Capital Management Corp increased its stake in Costco Wholesale Corp. by 244.2% in the fourth quarter. Karp Capital Management Corp now owns 20,035 shares of the retailer’s stock valued at $3,236,000 after buying an additional 14,215 shares during the last quarter. Finally, Schnieders Capital Management LLC increased its stake in Costco Wholesale Corp. by 2.6% in the fourth quarter. Schnieders Capital Management LLC now owns 7,053 shares of the retailer’s stock valued at $1,139,000 after buying an additional 176 shares during the last quarter.

Costco Wholesale Corporation (Costco) 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 operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.

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