Rothschild Investment LLC cut its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,820 shares of the retailer's stock after selling 436 shares during the period. Costco Wholesale comprises about 1.5% of Rothschild Investment LLC's portfolio, making the stock its 10th largest position. Rothschild Investment LLC's holdings in Costco Wholesale were worth $23,658,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. Cromwell Holdings LLC lifted its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC raised its holdings in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after buying an additional 10 shares during the period. Sculati Wealth Management LLC lifted its stake in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock valued at $3,235,000 after buying an additional 11 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after buying an additional 11 shares during the period. Finally, Gill Capital Partners LLC increased its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock worth $1,164,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on COST. Truist Financial boosted their price objective 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. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a "buy" rating in a report on Friday, December 13th. Stifel Nicolaus lifted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Morgan Stanley boosted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.
Check Out Our Latest Report on COST
Costco Wholesale Stock Performance
Shares of COST traded up $0.57 during trading hours on Monday, hitting $1,035.60. The company had a trading volume of 1,756,514 shares, compared to its average volume of 1,902,101. The business has a fifty day moving average of $975.61 and a 200-day moving average of $932.24. 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 firm has a market cap of $459.70 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 6.15 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.
Costco Wholesale Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale's dividend payout ratio is currently 27.25%.
About Costco Wholesale
(
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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