CX Institutional Decreases Position in Costco Wholesale Co. (NASDAQ:COST)

CX Institutional lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,626 shares of the retailer’s stock after selling 166 shares during the period. CX Institutional’s holdings in Costco Wholesale were worth $6,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

COST stock opened at $939.68 on Friday. The company has a market cap of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company’s 50-day moving average price is $951.57 and its 200 day moving average price is $903.72. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

About Costco Wholesale

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.