One Capital Management LLC Has $9.52 Million Position in Costco Wholesale Co. (NASDAQ:COST)

One Capital Management LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,390 shares of the retailer’s stock after selling 661 shares during the period. One Capital Management LLC’s holdings in Costco Wholesale were worth $9,520,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at $628,000. First Business Financial Services Inc. lifted its holdings in shares of Costco Wholesale by 2.6% during the fourth quarter. First Business Financial Services Inc. now owns 4,180 shares of the retailer’s stock valued at $3,830,000 after acquiring an additional 104 shares during the period. Vision Financial Markets LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at $1,190,000. Arizona State Retirement System lifted its holdings in shares of Costco Wholesale by 1.3% during the fourth quarter. Arizona State Retirement System now owns 128,775 shares of the retailer’s stock valued at $117,993,000 after acquiring an additional 1,692 shares during the period. Finally, Proficio Capital Partners LLC raised its holdings in shares of Costco Wholesale by 32.9% in the fourth quarter. Proficio Capital Partners LLC now owns 2,700 shares of the retailer’s stock valued at $2,474,000 after buying an additional 668 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COST. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. DA Davidson upped their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Barclays upped their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 1.0 %

COST stock opened at $1,047.75 on Thursday. The firm has a market cap of $465.10 billion, a P/E ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The company’s 50-day simple moving average is $987.79 and its 200-day simple moving average is $941.75. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.