Tower Bridge Advisors reduced its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 10.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,658 shares of the retailer’s stock after selling 1,000 shares during the period. Tower Bridge Advisors’ holdings in Costco Wholesale Corporation were worth $1,385,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Delta Asset Management LLC TN boosted its stake in shares of Costco Wholesale Corporation by 11.6% in the second quarter. Delta Asset Management LLC TN now owns 627 shares of the retailer’s stock worth $100,000 after buying an additional 65 shares during the period. Mercer Capital Advisers Inc. boosted its stake in shares of Costco Wholesale Corporation by 43.4% in the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after buying an additional 201 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Costco Wholesale Corporation during the second quarter worth approximately $107,000. Mosaic Family Wealth LLC boosted its stake in shares of Costco Wholesale Corporation by 16.7% in the first quarter. Mosaic Family Wealth LLC now owns 700 shares of the retailer’s stock worth $117,000 after buying an additional 100 shares during the period. Finally, CKW Financial Group boosted its stake in shares of Costco Wholesale Corporation by 33.1% in the first quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.

Costco Wholesale Corporation (NASDAQ COST) opened at 153.56 on Wednesday. The company has a 50-day moving average of $155.03 and a 200-day moving average of $167.02. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The stock has a market cap of $67.35 billion, a P/E ratio of 26.66 and a beta of 0.93.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.50 dividend. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

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A number of equities research analysts have recently commented on the stock. UBS AG upgraded shares of Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, June 26th. Guggenheim reiterated a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 target price for the company in a research report on Monday, August 21st. BidaskClub upgraded shares of Costco Wholesale Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird reiterated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average price target of $179.92.

In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total transaction of $159,250.00. Following the sale, the director now owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John D. Mckay sold 3,000 shares of Costco Wholesale Corporation stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $181.60, for a total value of $544,800.00. Following the sale, the insider now directly owns 62,607 shares in the company, valued at approximately $11,369,431.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,000 shares of company stock worth $2,677,430. Company insiders own 0.74% of the company’s stock.

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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