Aveo Capital Partners LLC trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,221 shares of the retailer’s stock after selling 74 shares during the period. Aveo Capital Partners LLC’s holdings in Costco Wholesale Corporation were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of COST. Ameriprise Financial Inc. grew its position in Costco Wholesale Corporation by 62.0% in the first quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after acquiring an additional 1,753,741 shares in the last quarter. Swiss National Bank grew its position in Costco Wholesale Corporation by 26.2% in the first quarter. Swiss National Bank now owns 1,597,008 shares of the retailer’s stock worth $267,802,000 after acquiring an additional 331,400 shares in the last quarter. Teachers Advisors LLC grew its position in Costco Wholesale Corporation by 40.8% in the first quarter. Teachers Advisors LLC now owns 1,089,081 shares of the retailer’s stock worth $182,628,000 after acquiring an additional 315,512 shares in the last quarter. American Century Companies Inc. grew its position in Costco Wholesale Corporation by 15.2% in the first quarter. American Century Companies Inc. now owns 2,197,302 shares of the retailer’s stock worth $368,466,000 after acquiring an additional 289,788 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Costco Wholesale Corporation in the first quarter worth approximately $46,978,000. 72.50% of the stock is owned by institutional investors.

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Costco Wholesale Corporation (COST) traded down 1.24% during midday trading on Friday, hitting $157.31. 3,364,570 shares of the stock traded hands. The firm’s 50 day moving average is $156.29 and its 200-day moving average is $166.01. Costco Wholesale Corporation has a 12-month low of $142.11 and a 12-month high of $183.18. The stock has a market capitalization of $69.00 billion, a PE ratio of 27.31 and a beta of 0.93.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Wednesday, August 16th. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. Costco Wholesale Corporation’s payout ratio is 34.66%.

COST has been the subject of several recent research reports. Vetr raised 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. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Thursday, August 24th. Robert W. Baird reissued an “outperform” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and issued a $190.00 target price (up from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Finally, BidaskClub downgraded shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and an average target price of $179.35.

In related news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total value of $157,590.00. Following the completion of the transaction, the director now owns 6,974 shares of the company’s stock, valued at $1,099,032.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock valued at $477,120. 0.74% of the stock is owned by insiders.

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.

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

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