Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,792 shares of the retailer’s stock after selling 1,169 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Costco Wholesale were worth $5,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $979.88 on Monday. 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 company has a market capitalization of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. The business’s 50-day moving average price is $954.51 and its 200 day moving average price is $907.85. Costco Wholesale Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Morgan Stanley boosted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Evercore ISI lifted their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.