Salomon & Ludwin LLC Has $323,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Salomon & Ludwin LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 54.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 352 shares of the retailer’s stock after selling 413 shares during the quarter. Salomon & Ludwin LLC’s holdings in Costco Wholesale were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $35,000. Barrett & Company Inc. increased its position in Costco Wholesale by 59.3% during the 4th 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 period. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,071.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $969.49 and its two-hundred day simple moving average is $922.35. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The stock has a market cap of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

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 paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on COST shares. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Company 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.