Trust Department MB Financial Bank N A reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,746 shares of the retailer’s stock after selling 702 shares during the period. Trust Department MB Financial Bank N A’s holdings in Costco Wholesale Corporation were worth $5,237,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Costco Wholesale Corporation by 1.3% during the 1st quarter. State Street Corp now owns 18,131,561 shares of the retailer’s stock worth $3,040,476,000 after acquiring an additional 239,479 shares during the period. FMR LLC increased its position in Costco Wholesale Corporation by 1.5% during the 1st quarter. FMR LLC now owns 12,099,104 shares of the retailer’s stock worth $2,028,898,000 after purchasing an additional 177,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in Costco Wholesale Corporation by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 6,254,387 shares of the retailer’s stock worth $1,048,798,000 after purchasing an additional 79,201 shares in the last quarter. Ameriprise Financial Inc. increased its position in Costco Wholesale Corporation by 62.0% during the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock worth $768,568,000 after purchasing an additional 1,753,741 shares in the last quarter. Finally, Janus Capital Management LLC increased its position in Costco Wholesale Corporation by 8.6% during the 1st quarter. Janus Capital Management LLC now owns 4,582,908 shares of the retailer’s stock worth $768,494,000 after purchasing an additional 361,581 shares in the last quarter. Institutional investors and hedge funds own 72.35% of the company’s stock.

Shares of Costco Wholesale Corporation (NASDAQ:COST) traded down 0.12% during trading on Friday, reaching $161.29. The company had a trading volume of 1,535,895 shares. The stock has a 50 day moving average price of $157.91 and a 200 day moving average price of $165.08. The firm has a market capitalization of $70.74 billion, a PE ratio of 28.00 and a beta of 0.93. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This is a boost from Costco Wholesale Corporation’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. Costco Wholesale Corporation’s payout ratio is currently 34.66%.

A number of research firms recently issued reports on COST. Cowen and Company reissued an “outperform” rating on shares of Costco Wholesale Corporation in a research report on Tuesday, June 6th. Guggenheim reissued a “neutral” rating on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. BMO Capital Markets reissued an “outperform” rating and set a $195.00 target price on shares of Costco Wholesale Corporation in a research report on Friday, June 2nd. Wells Fargo & Company reissued a “hold” rating on shares of Costco Wholesale Corporation in a research report on Thursday, June 1st. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Costco Wholesale Corporation from a “conviction-buy” rating to a “neutral” rating and dropped their target price for the stock from $197.00 to $176.00 in a research report on Friday, June 16th. Ten investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.37.

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In other news, Director John W. Meisenbach sold 1,000 shares of the business’s 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 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 is accessible through the SEC website. 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 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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