Mattern Capital Management LLC Sells 622 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mattern Capital Management LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,149 shares of the retailer's stock after selling 622 shares during the quarter. Costco Wholesale makes up about 1.8% of Mattern Capital Management LLC's holdings, making the stock its 3rd largest holding. Mattern Capital Management LLC's holdings in Costco Wholesale were worth $13,881,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in COST. AMF Tjanstepension AB purchased a new stake in shares of Costco Wholesale in the third quarter valued at approximately $42,896,000. Swedbank AB grew its position in Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer's stock worth $393,391,000 after acquiring an additional 6,495 shares during the period. Blossom Wealth Management grew its position in Costco Wholesale by 2.3% in the third quarter. Blossom Wealth Management now owns 679 shares of the retailer's stock worth $602,000 after acquiring an additional 15 shares during the period. Community Trust & Investment Co. grew its position in Costco Wholesale by 1.5% in the third quarter. Community Trust & Investment Co. now owns 18,548 shares of the retailer's stock worth $16,443,000 after acquiring an additional 266 shares during the period. Finally, Liberty Capital Management Inc. grew its position in Costco Wholesale by 0.7% in the third quarter. Liberty Capital Management Inc. now owns 16,301 shares of the retailer's stock worth $14,451,000 after acquiring an additional 111 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

COST stock traded up $0.20 during trading on Friday, hitting $1,035.03. The company had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The firm has a market cap of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The firm has a 50-day moving average price of $974.70 and a 200-day moving average price of $928.97. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several brokerages recently weighed in on COST. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,021.93.

About Costco Wholesale

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.