Tompkins Financial Corp trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,450 shares of the retailer’s stock after selling 91 shares during the period. Tompkins Financial Corp’s holdings in Costco Wholesale Corporation were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mercer Capital Advisers Inc. boosted its position in Costco Wholesale Corporation by 43.4% during the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after purchasing an additional 201 shares during the period. Mosaic Family Wealth LLC boosted its position in Costco Wholesale Corporation by 16.7% during the 1st quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after purchasing an additional 100 shares during the period. CKW Financial Group boosted its position in Costco Wholesale Corporation by 33.1% during the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after purchasing an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Costco Wholesale Corporation by 142.1% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after purchasing an additional 540 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Costco Wholesale Corporation by 67.3% during the 1st quarter. Proficio Capital Partners LLC now owns 927 shares of the retailer’s stock worth $160,000 after purchasing an additional 373 shares during the period. 72.35% of the stock is owned by hedge funds and other institutional investors.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $477,120. Insiders own 0.74% of the company’s stock.

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Costco Wholesale Corporation (COST) traded up 0.82% on Wednesday, hitting $162.88. 909,538 shares of the stock traded hands. The stock has a market cap of $71.44 billion, a P/E ratio of 28.28 and a beta of 0.93. The stock has a 50-day moving average price of $157.91 and a 200 day moving average price of $165.08. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

A number of analysts recently weighed in on COST shares. Stifel Nicolaus upped their price target on shares of Costco Wholesale Corporation from $185.00 to $191.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Royal Bank Of Canada upped their price objective on shares of Costco Wholesale Corporation from $182.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, May 26th. Oppenheimer Holdings, Inc. set a $185.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Saturday, May 27th. BMO Capital Markets set a $195.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Friday, May 26th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research report on Friday, May 26th. Ten investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $179.37.

Costco Wholesale Corporation Company 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.

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

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