Capital Investment Counsel Inc cut its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,143 shares of the retailer's stock after selling 5,666 shares during the quarter. Costco Wholesale accounts for about 8.7% of Capital Investment Counsel Inc's portfolio, making the stock its 3rd biggest position. Capital Investment Counsel Inc's holdings in Costco Wholesale were worth $57,856,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Citizens National Bank Trust Department grew its holdings in Costco Wholesale by 1.0% during the fourth quarter. Citizens National Bank Trust Department now owns 1,857 shares of the retailer's stock valued at $1,702,000 after purchasing an additional 19 shares during the period. Concurrent Investment Advisors LLC grew its holdings in Costco Wholesale by 42.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,508 shares of the retailer's stock valued at $11,460,000 after purchasing an additional 3,711 shares during the period. RW Investment Management LLC grew its holdings in Costco Wholesale by 21.3% during the fourth quarter. RW Investment Management LLC now owns 5,624 shares of the retailer's stock valued at $5,153,000 after purchasing an additional 989 shares during the period. WealthBridge Capital Management LLC grew its holdings in Costco Wholesale by 5.5% during the fourth quarter. WealthBridge Capital Management LLC now owns 785 shares of the retailer's stock valued at $719,000 after purchasing an additional 41 shares during the period. Finally, Wealth Alliance grew its holdings in Costco Wholesale by 6.2% during the fourth quarter. Wealth Alliance now owns 1,295 shares of the retailer's stock valued at $1,187,000 after purchasing an additional 76 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.
Costco Wholesale Trading Up 0.0 %
Shares of NASDAQ COST traded up $0.20 during trading hours on Friday, hitting $1,035.03. The company's stock had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The business has a 50-day simple moving average of $974.70 and a 200-day simple moving average of $928.97.
Costco Wholesale Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale's payout ratio is presently 27.25%.
Analysts Set New Price Targets
COST has been the subject of several research reports. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Oppenheimer reissued an "outperform" rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their price target 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
Read Our Latest Analysis on COST
Costco Wholesale Company Profile
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Free Report)
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.
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