Intersect Capital LLC decreased its position in Costco Wholesale Corp. (NASDAQ:COST) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,322 shares of the retailer’s stock after selling 15 shares during the period. Intersect Capital LLC’s holdings in Costco Wholesale Corp. were worth $993,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COST. CHICAGO TRUST Co NA increased its position in shares of Costco Wholesale Corp. by 0.6% in the second quarter. CHICAGO TRUST Co NA now owns 2,614 shares of the retailer’s stock worth $410,000 after buying an additional 15 shares in the last quarter. Financial Architects Inc increased its position in shares of Costco Wholesale Corp. by 0.7% in the second quarter. Financial Architects Inc now owns 2,208 shares of the retailer’s stock worth $347,000 after buying an additional 15 shares in the last quarter. Buckingham Asset Management LLC increased its position in shares of Costco Wholesale Corp. by 0.9% in the second quarter. Buckingham Asset Management LLC now owns 2,240 shares of the retailer’s stock worth $352,000 after buying an additional 19 shares in the last quarter. SSI Investment Management Inc. increased its position in shares of Costco Wholesale Corp. by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,677 shares of the retailer’s stock worth $264,000 after buying an additional 19 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its position in shares of Costco Wholesale Corp. by 0.5% in the second quarter. Lodestar Investment Counsel LLC IL now owns 5,395 shares of the retailer’s stock worth $847,000 after buying an additional 25 shares in the last quarter. 73.02% of the stock is currently owned by institutional investors.

Costco Wholesale Corp. (NASDAQ:COST) traded down 0.41% during mid-day trading on Wednesday, hitting $151.54. 524,408 shares of the company were exchanged. The company has a 50 day moving average of $161.77 and a 200 day moving average of $156.41. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The stock has a market cap of $66.38 billion, a P/E ratio of 28.64 and a beta of 0.59.

The company 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 was Wednesday, August 10th. Costco Wholesale Corp.’s payout ratio is 33.96%.

A number of equities analysts have recently commented on the stock. Citigroup Inc. raised their target price on shares of Costco Wholesale Corp. from $155.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, August 16th. Zacks Investment Research downgraded shares of Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $179.00 target price on shares of Costco Wholesale Corp. in a research note on Friday, August 5th. Nomura reaffirmed a “buy” rating and set a $185.00 price target on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $171.00 price target on shares of Costco Wholesale Corp. in a report on Tuesday, August 2nd. One investment 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. Costco Wholesale Corp. has an average rating of “Buy” and a consensus target price of $173.69.

In other Costco Wholesale Corp. news, Director John W. Meisenbach sold 5,737 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $167.74, for a total transaction of $962,324.38. Following the sale, the director now owns 4,652 shares of the company’s stock, valued at approximately $780,326.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 2,400 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $167.08, for a total transaction of $400,992.00. Following the sale, the chief financial officer now directly owns 30,536 shares in the company, valued at approximately $5,101,954.88. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

About Costco Wholesale Corp.

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.

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