Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Decreased by SFE Investment Counsel

SFE Investment Counsel lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,150 shares of the retailer’s stock after selling 320 shares during the quarter. Costco Wholesale makes up about 2.2% of SFE Investment Counsel’s holdings, making the stock its 11th biggest holding. SFE Investment Counsel’s holdings in Costco Wholesale were worth $10,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Collier Financial purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.1 %

Shares of COST stock opened at $1,076.86 on Friday. The firm has a market capitalization of $478.02 billion, a P/E ratio of 63.23, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm’s fifty day simple moving average is $966.02 and its 200 day simple moving average is $919.48. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend yield of 0.43%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. 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. Finally, Evercore ISI lifted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Company 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.