Pennsylvania Capital Management Inc. ADV Trims Holdings in Costco Wholesale Co. (NASDAQ:COST)

Pennsylvania Capital Management Inc. ADV reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 599 shares of the retailer’s stock after selling 119 shares during the quarter. Pennsylvania Capital Management Inc. ADV’s holdings in Costco Wholesale were worth $549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the third quarter worth $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 2.1 %

NASDAQ:COST opened at $1,042.88 on Thursday. 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 1-year low of $697.27 and a 1-year high of $1,043.09. The firm has a market capitalization of $462.93 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The stock has a fifty day simple moving average of $956.42 and a 200 day simple moving average of $910.75.

Costco Wholesale Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Truist Financial increased their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Nine research 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, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target 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.