Costco Wholesale Co. (NASDAQ:COST) Shares Sold by SOL Capital Management CO

SOL Capital Management CO decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,358 shares of the retailer’s stock after selling 500 shares during the period. SOL Capital Management CO’s holdings in Costco Wholesale were worth $3,993,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB purchased a new position in shares of Costco Wholesale in the third quarter valued at $42,896,000. Czech National Bank lifted its holdings in Costco Wholesale by 6.9% in the 3rd quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after buying an additional 5,799 shares in the last quarter. Unique Wealth LLC boosted its position in Costco Wholesale by 12.0% in the 3rd quarter. Unique Wealth LLC now owns 756 shares of the retailer’s stock valued at $671,000 after buying an additional 81 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its stake in shares of Costco Wholesale by 4.1% during the third quarter. Canandaigua National Bank & Trust Co. now owns 1,898 shares of the retailer’s stock valued at $1,683,000 after acquiring an additional 74 shares in the last quarter. Finally, Johnson & White Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $283,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird lifted 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 note on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $979.88 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 firm’s 50 day moving average is $954.19 and its two-hundred day moving average is $906.54. The firm has a market capitalization of $434.97 billion, a P/E ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently announced 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 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

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.