Salem Investment Counselors Inc. lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,642 shares of the retailer’s stock after selling 36 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Costco Wholesale Corporation were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mercer Capital Advisers Inc. raised its stake in shares of Costco Wholesale Corporation by 43.4% during the first quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after acquiring an additional 201 shares in the last quarter. Mosaic Family Wealth LLC grew its holdings 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 purchasing an additional 100 shares during the last quarter. CKW Financial Group grew its holdings 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 purchasing an additional 200 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of Costco Wholesale Corporation by 142.1% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 920 shares of the retailer’s stock worth $154,000 after purchasing an additional 540 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Costco Wholesale Corporation by 2.3% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 972 shares of the retailer’s stock worth $163,000 after purchasing an additional 22 shares during the last quarter. Institutional investors own 72.50% of the company’s stock.

Shares of Costco Wholesale Corporation (COST) traded up 1.68% during mid-day trading on Tuesday, hitting $160.01. The stock had a trading volume of 1,212,976 shares. The company has a market cap of $70.18 billion, a PE ratio of 27.78 and a beta of 0.93. The firm’s 50 day moving average price is $156.46 and its 200-day moving average price is $165.78. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.

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

Several research analysts have recently issued reports on COST shares. Northcoast Research upgraded shares of Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 target price on the stock in a report on Tuesday, June 20th. Stifel Nicolaus reissued a “buy” rating on shares of Costco Wholesale Corporation in a research report on Friday, July 7th. BMO Capital Markets lowered Costco Wholesale Corporation from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $185.00 to $160.00 in a research report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and lowered their price objective for the company from $197.00 to $176.00 in a research report on Friday, June 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $185.00 price target on shares of Costco Wholesale Corporation in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale Corporation presently has a consensus rating of “Buy” and a consensus target price of $179.35.

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

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

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