Costco Wholesale Corp. (NASDAQ:COST)’s share price traded down 3.1% during mid-day trading on Thursday . The stock traded as low as $156.37 and last traded at $157.05, with a volume of 3,037,593 shares changing hands. The stock had previously closed at $162.09.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note on Saturday, July 9th. Oppenheimer Holdings Inc. restated a “buy” rating and set a $175.00 price objective on shares of Costco Wholesale Corp. in a research report on Saturday, July 9th. Deutsche Bank AG restated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Sunday, July 10th. Citigroup Inc. boosted their price objective on Costco Wholesale Corp. from $154.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 27th. Finally, Bank of America Corp. restated a “buy” rating on shares of Costco Wholesale Corp. in a research report on Saturday, June 4th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $173.25.

The stock’s 50-day moving average is $166.92 and its 200-day moving average is $156.13. The firm has a market capitalization of $68.43 billion and a P/E ratio of 29.52.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were paid a $0.45 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%.

In other Costco Wholesale Corp. news, VP Douglas W. Schutt sold 14,656 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.76, for a total value of $2,444,034.56. Following the completion of the sale, the vice president now directly owns 40,184 shares in the company, valued at $6,701,083.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Meisenbach sold 5,737 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $167.74, for a total transaction of $962,324.38. Following the completion of the sale, the director now owns 4,652 shares of the company’s stock, valued at $780,326.48. The disclosure for this sale can be found here.

A number of hedge funds recently modified their holdings of COST. Stephens Inc. AR raised its stake in shares of Costco Wholesale Corp. by 3.2% in the fourth quarter. Stephens Inc. AR now owns 49,376 shares of the retailer’s stock valued at $7,974,000 after buying an additional 1,524 shares during the period. American International Group Inc. raised its stake in shares of Costco Wholesale Corp. by 1.8% in the fourth quarter. American International Group Inc. now owns 251,136 shares of the retailer’s stock valued at $40,559,000 after buying an additional 4,369 shares during the period. AJO LP raised its stake in shares of Costco Wholesale Corp. by 4.2% in the fourth quarter. AJO LP now owns 153,896 shares of the retailer’s stock valued at $24,854,000 after buying an additional 6,141 shares during the period. US Bancorp DE raised its stake in shares of Costco Wholesale Corp. by 3.8% in the fourth quarter. US Bancorp DE now owns 431,139 shares of the retailer’s stock valued at $69,630,000 after buying an additional 15,921 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of Costco Wholesale Corp. by 9.0% in the fourth quarter. Baird Financial Group Inc. now owns 235,264 shares of the retailer’s stock valued at $37,995,000 after buying an additional 19,520 shares during the period.

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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