Los Angeles Capital Management LLC Sells 55,758 Shares of Costco Wholesale Co. (NASDAQ:COST)

Los Angeles Capital Management LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,688 shares of the retailer’s stock after selling 55,758 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Costco Wholesale were worth $134,406,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Capital Management Inc. boosted its stake in Costco Wholesale by 9.9% in the 4th quarter. Exchange Capital Management Inc. now owns 2,465 shares of the retailer’s stock valued at $2,259,000 after purchasing an additional 222 shares during the period. Twin Peaks Wealth Advisors LLC boosted its stake in Costco Wholesale by 5.0% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 462 shares of the retailer’s stock valued at $423,000 after purchasing an additional 22 shares during the period. Fairhaven Wealth Management LLC raised its holdings in Costco Wholesale by 1.3% in the 4th quarter. Fairhaven Wealth Management LLC now owns 827 shares of the retailer’s stock valued at $758,000 after acquiring an additional 11 shares in the last quarter. Sentry Investment Management LLC raised its holdings in Costco Wholesale by 6.0% in the 4th quarter. Sentry Investment Management LLC now owns 1,688 shares of the retailer’s stock valued at $1,547,000 after acquiring an additional 96 shares in the last quarter. Finally, Transcendent Capital Group LLC raised its holdings in Costco Wholesale by 16.0% in the 4th quarter. Transcendent Capital Group LLC now owns 818 shares of the retailer’s stock valued at $750,000 after acquiring an additional 113 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COST. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. 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 report on Thursday, December 5th. Finally, BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 0.1 %

Shares of NASDAQ:COST opened at $1,035.60 on Tuesday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business’s 50 day simple moving average is $976.47 and its two-hundred day simple moving average is $933.62. The firm has a market cap of $459.70 billion, a P/E ratio of 60.81, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 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.