Bank of New York Mellon Corp Trims Position in Costco Wholesale Co. (NASDAQ:COST)

Bank of New York Mellon Corp decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,332,833 shares of the retailer’s stock after selling 144,974 shares during the period. Costco Wholesale makes up approximately 0.7% of Bank of New York Mellon Corp’s holdings, making the stock its 18th largest position. Bank of New York Mellon Corp owned approximately 0.98% of Costco Wholesale worth $3,970,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Strategic Financial Concepts LLC grew its stake in shares of Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the period. FMR LLC grew its position in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in Costco Wholesale in the 4th quarter valued at $157,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Shares of COST opened at $1,035.60 on Tuesday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a 50 day simple moving average of $976.47 and a 200-day simple moving average of $933.62. The stock has a market cap of $459.70 billion, a price-to-earnings ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.