New York State Common Retirement Fund Sells 3,104 Shares of Costco Wholesale Co. (NASDAQ:COST)

New York State Common Retirement Fund trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 597,073 shares of the retailer's stock after selling 3,104 shares during the quarter. Costco Wholesale makes up approximately 0.7% of New York State Common Retirement Fund's investment portfolio, making the stock its 16th largest position. New York State Common Retirement Fund owned about 0.13% of Costco Wholesale worth $547,080,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Davidson Investment Advisors lifted its stake in shares of Costco Wholesale by 4.5% in the 4th quarter. Davidson Investment Advisors now owns 768 shares of the retailer's stock valued at $703,000 after purchasing an additional 33 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Costco Wholesale by 17.9% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,473 shares of the retailer's stock valued at $14,177,000 after purchasing an additional 2,347 shares during the last quarter. Creative Capital Management Investments LLC lifted its stake in shares of Costco Wholesale by 5.8% in the 4th quarter. Creative Capital Management Investments LLC now owns 454 shares of the retailer's stock valued at $416,000 after purchasing an additional 25 shares during the last quarter. Valley Wealth Managers Inc. lifted its stake in shares of Costco Wholesale by 4.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 1,178 shares of the retailer's stock valued at $1,080,000 after purchasing an additional 46 shares during the last quarter. Finally, Davidson Trust Co. lifted its stake in shares of Costco Wholesale by 1.4% in the 4th quarter. Davidson Trust Co. now owns 5,653 shares of the retailer's stock valued at $5,180,000 after purchasing an additional 80 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ:COST traded up $0.20 during trading on Friday, reaching $1,035.03. The stock had a trading volume of 1,815,187 shares, compared to its average volume of 1,906,306. The business has a fifty 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. The stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a PEG ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale's payout ratio is 27.25%.

Analyst Ratings Changes

Several brokerages have recently commented on COST. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of 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 shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Finally, UBS Group increased their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.