River Street Advisors LLC Sells 64 Shares of Costco Wholesale Co. (NASDAQ:COST)

River Street Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,122 shares of the retailer’s stock after selling 64 shares during the period. Costco Wholesale comprises approximately 1.0% of River Street Advisors LLC’s investment portfolio, making the stock its 28th largest holding. River Street Advisors LLC’s holdings in Costco Wholesale were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC increased its position in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale during the fourth quarter valued at about $8,430,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,009.61. The stock has a market cap of $446.49 billion, a P/E ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. The business has a fifty day moving average of $954.51 and a 200 day moving average of $908.28. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on COST shares. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Loop Capital upped their target price on 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. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.