O Brien Greene & Co. Inc Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

O Brien Greene & Co. Inc reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,586 shares of the retailer’s stock after selling 114 shares during the period. O Brien Greene & Co. Inc’s holdings in Costco Wholesale were worth $3,286,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its stake in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the period. Pathway Financial Advisers LLC increased its stake in Costco Wholesale by 75,894.4% in the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. Finally, FMR LLC increased its stake in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 2.7 %

Shares of NASDAQ COST opened at $1,034.22 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market capitalization of $459.09 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 6.28 and a beta of 0.84. 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 firm’s 50-day moving average is $974.70 and its two-hundred day moving average is $928.97.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 0.45%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target 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.