Cardinal Capital Management Sells 120 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cardinal Capital Management lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,721 shares of the retailer’s stock after selling 120 shares during the period. Costco Wholesale accounts for 3.1% of Cardinal Capital Management’s holdings, making the stock its 4th largest holding. Cardinal Capital Management’s holdings in Costco Wholesale were worth $19,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% during the fourth 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 acquired a new position in shares of Costco Wholesale during the fourth quarter worth $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.5 %

Shares of NASDAQ COST opened at $1,056.03 on Wednesday. The stock has a market capitalization of $468.77 billion, a P/E ratio of 62.01, a P/E/G ratio of 6.37 and a beta of 0.84. The company has a 50-day moving average price of $972.43 and a 200-day moving average price of $927.29. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. 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.