Winslow Evans & Crocker Inc. increased its stake in shares of Costco Wholesale Corp. (NASDAQ:COST) by 5.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 19,838 shares of the retailer’s stock after buying an additional 1,006 shares during the period. Costco Wholesale Corp. makes up about 0.9% of Winslow Evans & Crocker Inc.’s investment portfolio, making the stock its 22nd largest position. Winslow Evans & Crocker Inc.’s holdings in Costco Wholesale Corp. were worth $3,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Costco Wholesale Corp. by 39.9% in the first quarter. Wellington Management Group LLP now owns 14,278,020 shares of the retailer’s stock valued at $2,249,930,000 after buying an additional 4,074,799 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Costco Wholesale Corp. by 4,695.7% in the first quarter. Bessemer Group Inc. now owns 735,895 shares of the retailer’s stock valued at $115,962,000 after buying an additional 720,550 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Costco Wholesale Corp. by 86.3% in the first quarter. Renaissance Technologies LLC now owns 1,110,213 shares of the retailer’s stock worth $174,947,000 after buying an additional 514,213 shares in the last quarter. State Street Corp boosted its stake in shares of Costco Wholesale Corp. by 2.3% in the first quarter. State Street Corp now owns 17,701,203 shares of the retailer’s stock worth $2,789,351,000 after buying an additional 395,068 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Costco Wholesale Corp. by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,882,541 shares of the retailer’s stock worth $610,674,000 after buying an additional 220,220 shares in the last quarter. Institutional investors and hedge funds own 72.99% of the company’s stock.

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

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

A number of analysts recently weighed in on COST shares. Citigroup Inc. increased their price target on shares of Costco Wholesale Corp. from $154.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 27th. Zacks Investment Research cut shares of Costco Wholesale Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Oppenheimer Holdings Inc. reiterated a “buy” rating and set a $175.00 price target on shares of Costco Wholesale Corp. in a research note on Thursday, June 30th. Vetr upgraded shares of Costco Wholesale Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Finally, Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $173.69.

In related news, CFO Richard A. Galanti sold 2,400 shares of Costco Wholesale Corp. stock in a transaction dated Monday, July 11th. The shares were 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 $5,101,954.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Douglas W. Schutt sold 14,656 shares of Costco Wholesale Corp. stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the sale, the vice president now owns 40,184 shares in the company, valued at $6,701,083.84. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company’s stock.

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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