Costco Wholesale Co. (NASDAQ:COST) Position Cut by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410,719 shares of the retailer’s stock after selling 34,117 shares during the period. Costco Wholesale accounts for about 4.6% of C WorldWide Group Holding A S’s portfolio, making the stock its 8th biggest position. C WorldWide Group Holding A S owned about 0.09% of Costco Wholesale worth $376,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Charles Schwab Investment Management Inc. grew its stake in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Hudson Value Partners LLC grew its stake 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 buying an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC grew its stake in shares of Costco Wholesale by 15.0% during the fourth 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 last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Raymond James increased their price objective 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. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,035.03 on Monday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock has a fifty day moving average price of $975.61 and a 200-day moving average price of $932.24. 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 firm has a market cap of $459.45 billion, a PE ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.