First Personal Financial Services boosted its position in Costco Wholesale Corp. (NASDAQ:COST) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 3,202 shares of the retailer’s stock after buying an additional 133 shares during the period. First Personal Financial Services’ holdings in Costco Wholesale Corp. were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of COST. State Street Corp raised its position in shares of Costco Wholesale Corp. by 2.3% in the first quarter. State Street Corp now owns 17,701,203 shares of the retailer’s stock worth $2,789,351,000 after buying an additional 395,068 shares during the period. Wellington Management Group LLP raised its position in shares of Costco Wholesale Corp. by 39.9% in the first quarter. Wellington Management Group LLP now owns 14,278,020 shares of the retailer’s stock worth $2,249,930,000 after buying an additional 4,074,799 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Costco Wholesale Corp. by 1.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 11,664,444 shares of the retailer’s stock worth $1,838,083,000 after buying an additional 168,704 shares during the period. BlackRock Fund Advisors raised its position in shares of Costco Wholesale Corp. by 1.6% in the first quarter. BlackRock Fund Advisors now owns 5,705,639 shares of the retailer’s stock worth $899,095,000 after buying an additional 90,305 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Costco Wholesale Corp. by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 5,461,235 shares of the retailer’s stock worth $857,632,000 after buying an additional 743,180 shares during the period. 73.02% of the stock is currently owned by institutional investors.

Costco Wholesale Corp. (NASDAQ:COST) traded down 0.09% during mid-day trading on Friday, hitting $153.01. 774,804 shares of the stock were exchanged. Costco Wholesale Corp. has a one year low of $138.57 and a one year high of $169.73. The company has a market cap of $67.03 billion, a P/E ratio of 28.92 and a beta of 0.59. The company has a 50-day moving average price of $161.01 and a 200-day moving average price of $156.36.

The business also recently announced a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, August 10th. Costco Wholesale Corp.’s payout ratio is 33.96%.

A number of equities analysts have recently commented on COST shares. Nomura reaffirmed a “buy” rating and set a $185.00 target price on shares of Costco Wholesale Corp. in a research report on Thursday, May 26th. Citigroup Inc. reissued a “neutral” rating and set a $155.00 price objective (up from $154.00) on shares of Costco Wholesale Corp. in a report on Thursday, May 26th. Jefferies Group reissued a “hold” rating and set a $135.00 price objective on shares of Costco Wholesale Corp. in a report on Friday, May 27th. Morgan Stanley reissued an “overweight” rating and set a $165.00 price objective on shares of Costco Wholesale Corp. in a report on Friday, May 27th. Finally, Bank of America Corp. reissued a “buy” rating and set a $165.00 price objective on shares of Costco Wholesale Corp. in a report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $172.73.

In other news, VP Douglas W. Schutt sold 14,656 shares of the company’s stock in a transaction on 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 transaction, the vice president now owns 40,184 shares in the company, valued at approximately $6,701,083.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jill S. Ruckelshaus sold 6,180 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $166.03, for a total transaction of $1,026,065.40. Following the completion of the transaction, the director now owns 26,008 shares of the company’s stock, valued at approximately $4,318,108.24. The disclosure for this sale can be found here. 0.78% of the stock is currently 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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