Community Financial Services Group LLC Sells 954 Shares of Costco Wholesale Co. (NASDAQ:COST)

Community Financial Services Group LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,196 shares of the retailer’s stock after selling 954 shares during the period. Costco Wholesale comprises 2.4% of Community Financial Services Group LLC’s portfolio, making the stock its 11th largest holding. Community Financial Services Group LLC’s holdings in Costco Wholesale were worth $12,091,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the period. Hudson Value Partners LLC raised its holdings in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC bought a new position in Costco Wholesale during the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale in the 4th quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. TD Cowen lifted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. DA Davidson upped their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Shares of Costco Wholesale stock opened at $1,065.12 on Thursday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,067.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $964.53 and a 200-day moving average price of $918.45. The firm has a market cap of $472.81 billion, a price-to-earnings ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. 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.