Connable Office Inc. Sells 102 Shares of Costco Wholesale Co. (NASDAQ:COST)

Connable Office Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,789 shares of the retailer’s stock after selling 102 shares during the quarter. Connable Office Inc.’s holdings in Costco Wholesale were worth $3,472,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COST. Flaharty Asset Management LLC lifted its position in Costco Wholesale by 42.1% during the fourth quarter. Flaharty Asset Management LLC now owns 476 shares of the retailer’s stock valued at $436,000 after purchasing an additional 141 shares during the last quarter. Jacobi Capital Management LLC lifted its position in Costco Wholesale by 1.0% during the fourth quarter. Jacobi Capital Management LLC now owns 3,169 shares of the retailer’s stock valued at $2,903,000 after purchasing an additional 30 shares during the last quarter. Anfield Capital Management LLC lifted its position in Costco Wholesale by 1.6% during the fourth quarter. Anfield Capital Management LLC now owns 1,789 shares of the retailer’s stock valued at $1,639,000 after purchasing an additional 29 shares during the last quarter. Richard W. Paul & Associates LLC lifted its position in Costco Wholesale by 1.0% during the fourth quarter. Richard W. Paul & Associates LLC now owns 1,555 shares of the retailer’s stock valued at $1,425,000 after purchasing an additional 15 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Costco Wholesale by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 21,955 shares of the retailer’s stock valued at $20,117,000 after purchasing an additional 398 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,048.61 on Friday. The stock has a market cap of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The firm’s fifty day simple moving average is $982.51 and its 200 day simple moving average is $937.59. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

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.