New Mexico Educational Retirement Board cut its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,165 shares of the retailer's stock after selling 500 shares during the period. Costco Wholesale comprises about 0.7% of New Mexico Educational Retirement Board's holdings, making the stock its 17th largest position. New Mexico Educational Retirement Board's holdings in Costco Wholesale were worth $19,393,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Sculati Wealth Management LLC raised its position in shares of 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 raised its position 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 in the last quarter. Gill Capital Partners LLC increased its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock worth $1,164,000 after purchasing an additional 11 shares during the period. Scott Capital Advisors LLC raised its stake in Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer's stock valued at $1,247,000 after purchasing an additional 11 shares in the last quarter. Finally, Lantz Financial LLC lifted its position in Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer's stock worth $591,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
COST has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Friday, December 13th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Oppenheimer reiterated an "outperform" rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.93.
Check Out Our Latest Report on COST
Costco Wholesale Trading Up 0.6 %
Shares of Costco Wholesale stock traded up $6.51 on Wednesday, reaching $1,062.54. 1,346,846 shares of the company's stock were exchanged, compared to its average volume of 1,906,059. The company has a market capitalization of $471.66 billion, a P/E ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The firm's 50-day moving average is $972.43 and its two-hundred day moving average is $927.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.
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 0.44%. Costco Wholesale's payout ratio is currently 27.25%.
Costco Wholesale 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.
Further Reading
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