Sigma Planning Corp Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Sigma Planning Corp lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,111 shares of the retailer’s stock after selling 124 shares during the period. Sigma Planning Corp’s holdings in Costco Wholesale were worth $15,679,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after buying an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COST shares. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial lifted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,035.03 on Friday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The firm has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. 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 stock’s 50-day simple moving average is $975.61 and its 200-day simple moving average is $930.59.

Costco Wholesale Announces Dividend

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