Jacobson & Schmitt Advisors LLC Sells 411 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jacobson & Schmitt Advisors LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,462 shares of the retailer’s stock after selling 411 shares during the quarter. Costco Wholesale accounts for approximately 2.9% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Jacobson & Schmitt Advisors LLC’s holdings in Costco Wholesale were worth $15,084,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. lifted its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COST shares. DA Davidson lifted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Evercore ISI lifted their target price on shares of 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. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $1,062.54 on Thursday. The company has a market cap of $471.66 billion, a price-to-earnings ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The company has a 50-day moving average price of $973.78 and a 200-day moving average price of $928.24. 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 Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently disclosed 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 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 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.