Zevenbergen Capital Investments LLC Sells 265 Shares of Costco Wholesale Co. (NASDAQ:COST)

Zevenbergen Capital Investments LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,645 shares of the retailer’s stock after selling 265 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Costco Wholesale were worth $2,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. boosted its holdings in shares of Costco Wholesale by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 693,767 shares of the retailer’s stock worth $274,503,000 after buying an additional 15,203 shares during the period. Berman Capital Advisors LLC boosted its holdings in shares of Costco Wholesale by 16.2% during the 2nd quarter. Berman Capital Advisors LLC now owns 2,446 shares of the retailer’s stock worth $967,000 after buying an additional 341 shares during the period. Bar Harbor Trust Services boosted its holdings in shares of Costco Wholesale by 2.5% during the 2nd quarter. Bar Harbor Trust Services now owns 2,078 shares of the retailer’s stock worth $822,000 after buying an additional 51 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Costco Wholesale by 13.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,113,982 shares of the retailer’s stock worth $2,023,449,000 after buying an additional 593,908 shares during the period. Finally, Alerus Financial NA boosted its holdings in shares of Costco Wholesale by 12.7% during the 2nd quarter. Alerus Financial NA now owns 708 shares of the retailer’s stock worth $280,000 after buying an additional 80 shares during the period. 66.96% of the stock is owned by institutional investors.

In other Costco Wholesale news, VP Joseph P. Portera sold 3,287 shares of the business’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $445.50, for a total transaction of $1,464,358.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Roland Michael Vachris sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 12th. The stock was sold at an average price of $409.40, for a total transaction of $1,637,600.00. Following the sale, the vice president now directly owns 11,602 shares in the company, valued at $4,749,858.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,287 shares of company stock valued at $4,686,519. 0.22% of the stock is owned by corporate insiders.

Shares of NASDAQ:COST traded up $0.41 during midday trading on Wednesday, hitting $452.52. The stock had a trading volume of 27,174 shares, compared to its average volume of 2,263,324. The company’s 50-day moving average price is $443.67 and its 200-day moving average price is $397.13. The company has a market capitalization of $200.05 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 4.35 and a beta of 0.66. Costco Wholesale Co. has a fifty-two week low of $307.00 and a fifty-two week high of $469.77. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.44.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Friday, July 30th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Thursday, July 29th. Costco Wholesale’s dividend payout ratio is 35.71%.

Several analysts recently commented on the stock. Telsey Advisory Group lifted their target price on shares of Costco Wholesale from $465.00 to $470.00 and gave the stock an “outperform” rating in a report on Thursday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $364.00 to $399.00 and gave the company a “hold” rating in a report on Thursday, September 2nd. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 2nd. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a report on Monday, September 6th. Finally, Royal Bank of Canada boosted their price objective on shares of Costco Wholesale from $425.00 to $453.00 and gave the company an “outperform” rating in a report on Friday, May 28th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Buy” and a consensus price target of $441.32.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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