Waddell & Reed Financial Inc. trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,500 shares of the retailer’s stock after selling 115,114 shares during the quarter. Waddell & Reed Financial Inc.’s holdings in Costco Wholesale were worth $153,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Nikulski Financial Inc. grew its position in Costco Wholesale by 6.6% during the 2nd quarter. Nikulski Financial Inc. now owns 8,980 shares of the retailer’s stock valued at $1,877,000 after purchasing an additional 555 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Costco Wholesale by 1.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,800,072 shares of the retailer’s stock valued at $376,180,000 after purchasing an additional 23,227 shares during the last quarter. Exencial Wealth Advisors LLC purchased a new stake in Costco Wholesale during the 2nd quarter valued at about $204,000. Park Avenue Securities LLC grew its position in Costco Wholesale by 12.8% during the 2nd quarter. Park Avenue Securities LLC now owns 3,158 shares of the retailer’s stock valued at $657,000 after purchasing an additional 359 shares during the last quarter. Finally, Dean Capital Investments Management LLC purchased a new stake in Costco Wholesale during the 2nd quarter valued at about $592,000. Institutional investors own 71.49% of the company’s stock.

In other news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $208.42, for a total value of $625,260.00. Following the transaction, the director now owns 8,654 shares in the company, valued at approximately $1,803,666.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul G. Moulton sold 5,585 shares of the stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $206.83, for a total transaction of $1,155,145.55. Following the completion of the transaction, the vice president now owns 27,988 shares in the company, valued at approximately $5,788,758.04. The disclosure for this sale can be found here. Insiders sold a total of 29,585 shares of company stock worth $6,424,076 in the last quarter. Company insiders own 0.74% of the company’s stock.

Shares of NASDAQ COST opened at $237.33 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. The stock has a market cap of $106.32 billion, a PE ratio of 40.78, a P/E/G ratio of 2.87 and a beta of 0.95. Costco Wholesale Co. has a 52-week low of $154.11 and a 52-week high of $245.16.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, August 30th. Costco Wholesale’s dividend payout ratio (DPR) is presently 39.18%.

Several brokerages recently commented on COST. Loop Capital increased their price objective on shares of Costco Wholesale to $230.00 and gave the company a “buy” rating in a research report on Wednesday, June 20th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $215.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, June 7th. BMO Capital Markets set a $260.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Monday. BidaskClub downgraded shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Finally, Wells Fargo & Co downgraded shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and set a $235.00 price objective on the stock. in a research report on Friday. Eight research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $223.94.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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