Strategic Advisors LLC Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Strategic Advisors LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,379 shares of the retailer’s stock after selling 15 shares during the period. Costco Wholesale comprises about 0.7% of Strategic Advisors LLC’s holdings, making the stock its 28th largest holding. Strategic Advisors LLC’s holdings in Costco Wholesale were worth $4,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB purchased a new position in Costco Wholesale in the third quarter valued at $42,896,000. Swedbank AB lifted its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the last quarter. Inspire Advisors LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth about $214,000. Clarity Wealth Advisors LLC lifted its holdings in Costco Wholesale by 1.2% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 11,327 shares of the retailer’s stock worth $10,041,000 after buying an additional 131 shares during the last quarter. Finally, Cahaba Wealth Management Inc. lifted its holdings in Costco Wholesale by 7.1% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 1,386 shares of the retailer’s stock worth $1,229,000 after buying an additional 92 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Evercore ISI lifted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.5 %

NASDAQ:COST opened at $1,071.85 on Monday. The company has a market capitalization of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a fifty day simple moving average of $969.49 and a 200-day simple moving average of $923.13.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.