Factory Mutual Insurance Co. lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,200 shares of the retailer’s stock after selling 16,300 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Costco Wholesale Corporation were worth $28,020,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mercer Capital Advisers Inc. raised its holdings in shares of Costco Wholesale Corporation by 43.4% in the 1st quarter. Mercer Capital Advisers Inc. now owns 664 shares of the retailer’s stock worth $111,000 after purchasing an additional 201 shares during the period. Mosaic Family Wealth LLC raised its holdings in shares of Costco Wholesale Corporation by 16.7% in the 1st 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 period. CKW Financial Group raised its holdings in shares of Costco Wholesale Corporation by 33.1% in the 1st quarter. CKW Financial Group now owns 804 shares of the retailer’s stock worth $135,000 after purchasing an additional 200 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in shares of Costco Wholesale Corporation by 142.1% in the 1st 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 period. Finally, Proficio Capital Partners LLC raised its holdings in shares of Costco Wholesale Corporation by 67.3% in the 1st quarter. Proficio Capital Partners LLC now owns 927 shares of the retailer’s stock worth $160,000 after purchasing an additional 373 shares during the period. 72.50% of the stock is currently owned by institutional investors.

COST has been the topic of a number of research reports. Vetr raised shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a report on Monday, August 21st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a report on Thursday, August 24th. Robert W. Baird reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Costco Wholesale Corporation in a report on Tuesday, May 30th. Barclays PLC reaffirmed an “overweight” rating and issued a $190.00 price target (up previously from $185.00) on shares of Costco Wholesale Corporation in a report on Sunday, May 28th. Finally, BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Ten research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Costco Wholesale Corporation currently has an average rating of “Buy” and a consensus price target of $179.23.

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Costco Wholesale Corporation (COST) traded down 0.04% during mid-day trading on Friday, reaching $162.30. 3,757,799 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $157.60 and its 200 day moving average price is $165.44. The firm has a market cap of $71.18 billion, a price-to-earnings ratio of 28.18 and a beta of 0.93. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18. Costco Wholesale Corporation also saw some unusual options trading activity on Thursday. Investors purchased 6,031 put options on the company. This represents an increase of 231% compared to the typical daily volume of 1,822 put options.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a $0.50 dividend. This is an increase from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, August 16th. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction 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 completion of the transaction, the director now directly owns 4,974 shares of the company’s stock, valued at approximately $792,109.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 3,000 shares of company stock worth $477,120. 0.74% of the stock is currently owned by insiders.

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.

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

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