Cypress Capital Management LLC WY Has $4.50 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Cypress Capital Management LLC WY reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,907 shares of the retailer’s stock after selling 495 shares during the quarter. Costco Wholesale comprises about 5.1% of Cypress Capital Management LLC WY’s investment portfolio, making the stock its 2nd largest holding. Cypress Capital Management LLC WY’s holdings in Costco Wholesale were worth $4,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of COST. Charles Schwab Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 1.2% in 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 period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after acquiring an additional 932 shares in the last quarter. Hudson Value Partners LLC lifted its holdings in Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $8,430,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Shares of NASDAQ COST opened at $979.88 on Friday. The stock has a market cap of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The business has a 50 day simple moving average of $954.19 and a 200 day simple moving average of $906.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25.

Costco Wholesale Dividend Announcement

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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.