FundX Investment Group LLC bought a new position in Costco Wholesale Corp. (NASDAQ:COST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,832 shares of the retailer’s stock, valued at approximately $288,000.

Several other institutional investors also recently made changes to their positions in COST. FCM Investments TX acquired a new position in shares of Costco Wholesale Corp. during the second quarter valued at $133,000. Zions Bancorporation raised its position in shares of Costco Wholesale Corp. by 88.2% in the first quarter. Zions Bancorporation now owns 890 shares of the retailer’s stock valued at $139,000 after buying an additional 417 shares in the last quarter. Smith & Howard Wealth Management LLC raised its position in shares of Costco Wholesale Corp. by 4.0% in the first quarter. Smith & Howard Wealth Management LLC now owns 1,297 shares of the retailer’s stock valued at $204,000 after buying an additional 50 shares in the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Costco Wholesale Corp. by 11.0% in the first quarter. Ropes Wealth Advisors LLC now owns 1,347 shares of the retailer’s stock valued at $212,000 after buying an additional 134 shares in the last quarter. Finally, Kings Point Capital Management raised its position in shares of Costco Wholesale Corp. by 47.4% in the first quarter. Kings Point Capital Management now owns 1,400 shares of the retailer’s stock valued at $221,000 after buying an additional 450 shares in the last quarter. Institutional investors own 72.99% of the company’s stock.

Shares of Costco Wholesale Corp. (NASDAQ:COST) traded down 0.21% during mid-day trading on Friday, reaching $152.35. 2,841,961 shares of the company’s stock traded hands. Costco Wholesale Corp. has a 12-month low of $138.57 and a 12-month high of $169.73. The company has a market cap of $66.74 billion, a P/E ratio of 28.79 and a beta of 0.59. The firm has a 50-day moving average of $163.92 and a 200 day moving average of $156.38.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $1.80 dividend on an annualized basis and a yield of 1.18%. Costco Wholesale Corp.’s dividend payout ratio (DPR) is presently 33.96%.

COST has been the topic of several analyst reports. Piper Jaffray Cos. restated an “overweight” rating on shares of Costco Wholesale Corp. in a report on Wednesday, September 7th. Guggenheim restated a “neutral” rating on shares of Costco Wholesale Corp. in a report on Sunday, September 4th. BMO Capital Markets restated an “outperform” rating and issued a $180.00 price objective on shares of Costco Wholesale Corp. in a report on Sunday, September 4th. Nomura restated a “buy” rating and issued a $185.00 price objective on shares of Costco Wholesale Corp. in a report on Thursday, August 25th. Finally, Zacks Investment Research lowered shares of Costco Wholesale Corp. from a “buy” rating to a “sell” rating in a report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $173.69.

In other news, Director John W. Meisenbach sold 5,737 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $167.74, for a total value of $962,324.38. Following the completion of the sale, the director now owns 4,652 shares in the company, valued at approximately $780,326.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Douglas W. Schutt sold 14,656 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the completion of the sale, the vice president now owns 40,184 shares of the company’s stock, valued at approximately $6,701,083.84. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.

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.

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