We're selling 11 shares of Costco Wholesale (COST) Wednesday, at roughly $527 each.
Following Wednesday's trade, Jim Cramer's Charitable Trust will own 75 shares of COST, decreasing its weighting in the portfolio to 1.41%, from 1.62%.
Costco Wholesale stock has been on a solid run lately, advancing about 9% since the company reported quarterly earnings in late May.
With this sale, we're also downgrading Costco stock to a 2 rating , meaning we would wait for a pullback before buying up more shares.
Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
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