Mediolanum International Funds Ltd Sells 2,950 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mediolanum International Funds Ltd reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 29,761 shares of the retailer’s stock after selling 2,950 shares during the period. Mediolanum International Funds Ltd’s holdings in Costco Wholesale were worth $27,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Costco Wholesale by 62.8% during 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 buying an additional 932 shares in the last quarter. Hudson Value Partners LLC raised its stake in shares of Costco Wholesale by 7.6% in the third 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 acquired a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the 4th quarter worth approximately $8,430,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent analyst reports. 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. Truist Financial upped 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. Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 0.1 %

Shares of Costco Wholesale stock opened at $979.88 on Friday. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25. 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 company has a market capitalization of $434.97 billion, a P/E ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. The business has a 50-day moving average of $954.19 and a two-hundred day moving average of $906.54.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) 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.