FMB Wealth Management Sells 20 Shares of Costco Wholesale Co. (NASDAQ:COST)

FMB Wealth Management lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 231 shares of the retailer’s stock after selling 20 shares during the period. FMB Wealth Management’s holdings in Costco Wholesale were worth $212,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale in the third quarter worth about $42,896,000. Wedge Capital Management L L P NC bought a new stake in Costco Wholesale during the 3rd quarter valued at about $213,000. Creative Planning boosted its position in Costco Wholesale by 5.5% in the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after buying an additional 11,678 shares during the period. Swedbank AB grew its stake in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares in the last quarter. Finally, Magnus Financial Group LLC increased its position in shares of Costco Wholesale by 14.2% during the third quarter. Magnus Financial Group LLC now owns 1,253 shares of the retailer’s stock worth $1,111,000 after acquiring an additional 156 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research reports. Barclays boosted 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. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Finally, UBS Group raised their target price 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. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 0.6 %

NASDAQ:COST opened at $1,065.12 on Thursday. 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 company’s fifty day moving average price is $964.53 and its 200-day moving average price is $918.45. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,067.00. The firm has a market capitalization of $472.81 billion, a P/E ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company 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.