New York State Common Retirement Fund Has $547.08 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

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

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $35,000. Barrett & Company Inc. increased its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.0 %

Costco Wholesale stock traded up $0.20 during midday trading on Friday, hitting $1,035.03. 1,815,187 shares of the stock were exchanged, compared to its average volume of 1,836,362. The company has a fifty day simple moving average of $975.61 and a two-hundred day simple moving average of $931.39. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The stock has a market capitalization of $459.45 billion, a PE ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. 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 was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale's payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COST. Stifel Nicolaus raised their price objective on shares of 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. Jefferies Financial Group raised their price objective on shares of 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. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Finally, BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.