Trust Co lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,415 shares of the retailer’s stock after selling 98 shares during the quarter. Trust Co’s holdings in Costco Wholesale Corporation were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after acquiring an additional 1,753,741 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in shares of Costco Wholesale Corporation by 13.9% in the first quarter. Magellan Asset Management Ltd now owns 4,362,576 shares of the retailer’s stock worth $732,000,000 after acquiring an additional 532,896 shares in the last quarter. Janus Capital Management LLC lifted its stake in shares of Costco Wholesale Corporation by 8.6% in the first quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after acquiring an additional 361,581 shares in the last quarter. Swiss National Bank lifted its stake in shares of Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after acquiring an additional 331,400 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in shares of Costco Wholesale Corporation by 40.8% in the first quarter. Teachers Advisors LLC now owns 1,089,081 shares of the retailer’s stock worth $182,628,000 after acquiring an additional 315,512 shares in the last quarter. Institutional investors own 72.50% of the company’s stock.

Several analysts recently weighed in on COST shares. Vetr raised Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective for the company in a report on Monday, August 21st. Deutsche Bank AG reissued a “hold” rating and issued a $172.00 price objective on shares of Costco Wholesale Corporation in a report on Tuesday, September 5th. Robert W. Baird set a $200.00 price objective on Costco Wholesale Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub lowered Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 price objective on Costco Wholesale Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. Ten equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation presently has an average rating of “Buy” and an average price target of $179.23.

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Shares of Costco Wholesale Corporation (NASDAQ COST) traded down 0.1600% during midday trading on Friday, hitting $162.1102. The stock had a trading volume of 1,917,272 shares. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18. The company’s 50 day moving average price is $157.32 and its 200-day moving average price is $165.55. The firm has a market capitalization of $71.10 billion, a PE ratio of 28.1441 and a beta of 0.93. Costco Wholesale Corporation also saw unusually large options trading activity on Thursday. Stock traders acquired 6,031 put options on the stock. This represents an increase of 231% compared to the average volume of 1,822 put options.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 16th. This is a positive change from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.23%. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

In other news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total transaction of $159,250.00. Following the transaction, the director now directly owns 4,974 shares in the company, valued at approximately $792,109.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 3,000 shares of company stock worth $477,120 over the last 90 days. 0.74% of the stock is owned by company insiders.

Costco Wholesale Corporation Profile

Costco Wholesale Corporation 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.

Institutional Ownership by Quarter for Costco Wholesale Corporation (NASDAQ:COST)

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