TCI Wealth Advisors Inc. cut its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 6,189 shares of the retailer’s stock after selling 200 shares during the period. TCI Wealth Advisors Inc.’s holdings in Costco Wholesale Corp. were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of COST. Peachtree Investment Advisors Inc. raised its position in shares of Costco Wholesale Corp. by 56.6% in the first quarter. Peachtree Investment Advisors Inc. now owns 6,655 shares of the retailer’s stock valued at $1,049,000 after buying an additional 2,405 shares in the last quarter. CENTRAL TRUST Co bought a new position in shares of Costco Wholesale Corp. during the first quarter valued at approximately $3,798,000. Central Bank & Trust Co. raised its position in shares of Costco Wholesale Corp. by 4.6% in the first quarter. Central Bank & Trust Co. now owns 38,717 shares of the retailer’s stock valued at $6,101,000 after buying an additional 1,711 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Costco Wholesale Corp. by 14.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 99,135 shares of the retailer’s stock valued at $15,622,000 after buying an additional 12,449 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of Costco Wholesale Corp. by 1.1% in the first quarter. Capstone Asset Management Co. now owns 54,811 shares of the retailer’s stock valued at $8,637,000 after buying an additional 578 shares in the last quarter. 72.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded up 0.161% during mid-day trading on Tuesday, hitting $152.035. The stock had a trading volume of 684,857 shares. The company has a 50-day moving average of $162.21 and a 200 day moving average of $156.40. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The firm has a market cap of $66.60 billion, a price-to-earnings ratio of 28.735 and a beta of 0.59.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.80 annualized dividend and a dividend yield of 1.19%. Costco Wholesale Corp.’s dividend payout ratio (DPR) is 33.96%.

Several equities analysts have commented on COST shares. Piper Jaffray Cos. reiterated an “overweight” rating on shares of Costco Wholesale Corp. in a research note on Wednesday, September 7th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corp. in a research note on Sunday, September 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $180.00 price target on shares of Costco Wholesale Corp. in a research note on Sunday, September 4th. Nomura reiterated a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, August 25th. Finally, Zacks Investment Research lowered shares of Costco Wholesale Corp. from a “buy” rating to a “sell” rating in a research note on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $173.69.

In other news, Director John W. Meisenbach sold 5,737 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $167.74, for a total value of $962,324.38. Following the completion of the sale, the director now owns 4,652 shares in the company, valued at $780,326.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Richard A. Galanti sold 2,400 shares of the company’s stock in a transaction on Monday, July 11th. The shares were sold at an average price of $167.08, for a total value of $400,992.00. Following the completion of the sale, the chief financial officer now 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. 0.78% of the stock is owned by insiders.

Costco Wholesale Corp. Company Profile

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.

5 Day Chart for NASDAQ:COST

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