Mutual of America Capital Management LLC Sells 2,158 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mutual of America Capital Management LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,258 shares of the retailer's stock after selling 2,158 shares during the quarter. Costco Wholesale accounts for approximately 0.6% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Mutual of America Capital Management LLC's holdings in Costco Wholesale were worth $51,548,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $41,000. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Down 0.2 %

Costco Wholesale stock traded down $1.76 during mid-day trading on Monday, hitting $1,046.85. The company's stock had a trading volume of 2,417,143 shares, compared to its average volume of 1,825,894. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The business has a 50 day moving average price of $984.45 and a 200-day moving average price of $939.83. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale Announces Dividend

The firm 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 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale's dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target 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. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday. Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a "neutral" rating in a research note on Friday, December 13th. Finally, DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.