Parcion Private Wealth LLC Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Parcion Private Wealth LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,315 shares of the retailer’s stock after selling 16 shares during the quarter. Parcion Private Wealth LLC’s holdings in Costco Wholesale were worth $4,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB purchased a new position in Costco Wholesale during the third quarter worth about $42,896,000. Swedbank AB lifted its position in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the period. Blossom Wealth Management lifted its position in Costco Wholesale by 2.3% during the third quarter. Blossom Wealth Management now owns 679 shares of the retailer’s stock worth $602,000 after buying an additional 15 shares during the period. Community Trust & Investment Co. lifted its position in Costco Wholesale by 1.5% during the third quarter. Community Trust & Investment Co. now owns 18,548 shares of the retailer’s stock worth $16,443,000 after buying an additional 266 shares during the period. Finally, Liberty Capital Management Inc. lifted its position in Costco Wholesale by 0.7% during the third quarter. Liberty Capital Management Inc. now owns 16,301 shares of the retailer’s stock worth $14,451,000 after buying an additional 111 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

COST opened at $1,034.22 on Friday. The business’s 50-day moving average price is $974.70 and its two-hundred day moving average price is $928.97. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a market capitalization of $459.09 billion, a price-to-earnings ratio of 60.73, a P/E/G ratio of 6.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The firm also recently declared 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 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Loop Capital upped their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. BMO Capital Markets upped their price target on 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. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.