Mathes Company Inc. Has $2.27 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Mathes Company Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,474 shares of the retailer’s stock after selling 30 shares during the quarter. Mathes Company Inc.’s holdings in Costco Wholesale were worth $2,267,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on COST shares. Stifel Nicolaus increased their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Evercore ISI upped their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. Finally, DA Davidson increased their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.5 %

COST opened at $1,071.85 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50-day moving average is $969.49 and its 200 day moving average is $923.85. The firm has a market capitalization of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.