Tandem Investment Advisors Inc. Has $37.50 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Tandem Investment Advisors Inc. trimmed its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 21.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,928 shares of the retailer's stock after selling 11,327 shares during the period. Tandem Investment Advisors Inc.'s holdings in Costco Wholesale were worth $37,501,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale during the third quarter worth $42,896,000. Swedbank AB grew its holdings in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer's stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Blossom Wealth Management grew its holdings in shares of Costco Wholesale by 2.3% during the third quarter. Blossom Wealth Management now owns 679 shares of the retailer's stock worth $602,000 after purchasing an additional 15 shares during the last quarter. Community Trust & Investment Co. grew its holdings in shares of Costco Wholesale by 1.5% during the third quarter. Community Trust & Investment Co. now owns 18,548 shares of the retailer's stock worth $16,443,000 after purchasing an additional 266 shares during the last quarter. Finally, Liberty Capital Management Inc. grew its holdings in shares of Costco Wholesale by 0.7% during the third quarter. Liberty Capital Management Inc. now owns 16,301 shares of the retailer's stock worth $14,451,000 after purchasing an additional 111 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.0 %

COST stock traded up $0.20 during mid-day trading on Friday, reaching $1,035.03. The company 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 current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The stock has a 50 day simple moving average of $974.70 and a two-hundred day simple moving average of $928.97. The company has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.32 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale's dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. BMO Capital Markets increased their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Finally, Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale 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.