Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lowered by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,487 shares of the retailer’s stock after selling 658 shares during the quarter. Costco Wholesale accounts for 2.0% of Klingenstein Fields & Co. LP’s holdings, making the stock its 13th biggest position. Klingenstein Fields & Co. LP’s holdings in Costco Wholesale were worth $49,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COST. Sculati Wealth Management LLC raised its position in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares in the last quarter. Sivia Capital Partners LLC raised its position in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares in the last quarter. Gill Capital Partners LLC raised its position in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 11 shares in the last quarter. Scott Capital Advisors LLC raised its position in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after acquiring an additional 11 shares in the last quarter. Finally, Lantz Financial LLC raised its position in Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ COST opened at $1,071.85 on Friday. The stock has a market cap of $475.79 billion, a PE ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The business has a fifty day moving average of $967.91 and a two-hundred day moving average of $920.57. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued 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 0.43%. Costco Wholesale’s payout ratio is presently 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.