Costco Wholesale Co. (NASDAQ:COST) Holdings Decreased by HMS Capital Management LLC

HMS Capital Management LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346 shares of the retailer’s stock after selling 55 shares during the quarter. HMS Capital Management LLC’s holdings in Costco Wholesale were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of COST. AMF Tjanstepension AB purchased a new position in shares of Costco Wholesale during the third quarter valued at $42,896,000. Wedge Capital Management L L P NC purchased a new position in shares of Costco Wholesale during the third quarter valued at $213,000. Creative Planning grew its holdings in shares of Costco Wholesale by 5.5% during the third quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after buying an additional 11,678 shares in the last quarter. Swedbank AB grew its holdings in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares in the last quarter. Finally, Indiana Trust & Investment Management Co grew its holdings in shares of Costco Wholesale by 4.3% during the third quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock valued at $6,851,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.1 %

Costco Wholesale stock opened at $1,076.86 on Friday. The business has a 50 day moving average price of $966.02 and a two-hundred day moving average price of $919.48. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $478.02 billion, a price-to-earnings ratio of 63.23, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, 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.