Costco Wholesale Co. (NASDAQ:COST) Stock Position Trimmed by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY decreased its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,907 shares of the retailer’s stock after selling 495 shares during the quarter. Costco Wholesale makes up approximately 5.1% of Cypress Capital Management LLC WY’s holdings, making the stock its 2nd largest holding. Cypress Capital Management LLC WY’s holdings in Costco Wholesale were worth $4,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

NASDAQ:COST opened at $979.88 on Friday. The firm has a market capitalization of $434.97 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. The business has a 50 day simple moving average of $954.19 and a 200 day simple moving average of $906.54. 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 Co. has a 12-month low of $691.50 and a 12-month high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

Several analysts have issued reports on COST shares. Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. 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.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Read Our Latest Stock Analysis on COST

About Costco Wholesale

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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