Jacobson & Schmitt Advisors LLC Sells 411 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jacobson & Schmitt Advisors LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,462 shares of the retailer's stock after selling 411 shares during the quarter. Costco Wholesale accounts for 2.9% of Jacobson & Schmitt Advisors LLC's portfolio, making the stock its 11th largest position. Jacobson & Schmitt Advisors LLC's holdings in Costco Wholesale were worth $15,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer's stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Hudson Value Partners LLC increased its position in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the fourth quarter worth about $8,430,000. Finally, GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer's stock worth $7,020,000 after purchasing an additional 1,001 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.1 %

Shares of Costco Wholesale stock traded down $1.38 during trading on Friday, hitting $1,033.45. The stock had a trading volume of 1,111,663 shares, compared to its average volume of 1,883,502. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a 50 day simple moving average of $974.70 and a 200 day simple moving average 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 company has a market capitalization of $458.75 billion, a PE ratio of 60.66, a P/E/G ratio of 6.32 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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 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 dividend yield of 0.45%. Costco Wholesale's payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley upped their price objective 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. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Finally, Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.