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The article reports that PFG Advisors reduced its stake in Costco Wholesale Co. by 29.9% in the 3rd quarter, selling 6,396 shares. The institutional investor now holds 15,011 shares, making the stock its 26th biggest holding. Additionally, other institutional investors such as Moneta Group Investment Advisors LLC and Norges Bank have increased their holdings in Costco Wholesale. Analysts have given the stock an “overweight” rating and raised their price targets. CFO Richard A. Galanti has also recently sold thousands of shares of Costco Wholesale stock. The stock opened at $665.16 and has a market capitalization of $294.49 billion. Costco Wholesale recently announced a special dividend and has a payout ratio of 27.81%. The company operates membership warehouses in multiple countries and offers branded and private-label products. While Costco Wholesale has a “Moderate Buy” rating, top-rated analysts recommend five other stocks. This report highlights the latest activity and financial data surrounding Costco Wholesale stock.



Original: Costco Wholesale Co. (NASDAQ:COST) Shares Sold by PFG Advisors