Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Carrera Capital Advisors

Carrera Capital Advisors lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 45.7% during the fourth quarter, Holdings Channel reports. The fund owned 818 shares of the retailer’s stock after selling 689 shares during the quarter. Carrera Capital Advisors’ holdings in Costco Wholesale were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $31,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Collier Financial bought a new stake in Costco Wholesale during the 4th quarter valued at $35,000. Finally, Barrett & Company Inc. boosted its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on COST. Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Raymond James boosted 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. Finally, Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

COST stock opened at $1,036.87 on Wednesday. The company has a market capitalization of $460.27 billion, a price-to-earnings ratio of 60.88, a P/E/G ratio of 6.15 and a beta of 0.84. The firm has a 50 day moving average of $986.01 and a two-hundred day moving average of $941.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale Announces Dividend

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

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.