Klingenstein Fields & Co. LLC cut its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,586 shares of the retailer’s stock after selling 325 shares during the quarter. Klingenstein Fields & Co. LLC’s holdings in Costco Wholesale Corporation were worth $3,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COST. Ferguson Wellman Capital Management Inc. raised its position in shares of Costco Wholesale Corporation by 1.1% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 15,128 shares of the retailer’s stock valued at $2,536,000 after purchasing an additional 168 shares during the period. Boyd Watterson Asset Management LLC OH raised its position in shares of Costco Wholesale Corporation by 8.7% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 2,697 shares of the retailer’s stock valued at $452,000 after purchasing an additional 216 shares during the period. Nicolet Bankshares Inc. raised its position in shares of Costco Wholesale Corporation by 23.1% in the first quarter. Nicolet Bankshares Inc. now owns 4,975 shares of the retailer’s stock valued at $834,000 after purchasing an additional 933 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Costco Wholesale Corporation by 2.8% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 11,658 shares of the retailer’s stock valued at $1,828,000 after purchasing an additional 317 shares during the period. Finally, Waldron LP bought a new position in shares of Costco Wholesale Corporation in the first quarter valued at about $223,000. 72.50% of the stock is currently owned by institutional investors.

In related news, Director John W. Meisenbach sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.25, for a total value of $159,250.00. Following the transaction, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 3,000 shares of company stock worth $477,120. 0.74% of the stock is owned by company insiders.

Shares of Costco Wholesale Corporation (NASDAQ:COST) opened at 157.36 on Tuesday. The firm has a market capitalization of $69.02 billion, a P/E ratio of 27.32 and a beta of 0.93. Costco Wholesale Corporation has a 52-week low of $142.11 and a 52-week high of $183.18. The company’s 50-day moving average is $156.46 and its 200 day moving average is $165.78.

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

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Several equities analysts have recently weighed in on COST shares. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock 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 price objective 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 price objective (up from $185.00) on shares of Costco Wholesale Corporation in a research report on Sunday, May 28th. Finally, BidaskClub lowered shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $179.35.

About Costco Wholesale Corporation

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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