Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,345 shares of the retailer’s stock after selling 18 shares during the period. Osborne Partners Capital Management LLC’s holdings in Costco Wholesale were worth $11,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 0.1 %

NASDAQ COST opened at $979.88 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s 50-day moving average is $954.51 and its 200-day moving average is $907.85. Costco Wholesale Co. has a one year low of $691.50 and a one year high of $1,008.25. The firm has a market cap 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.

Costco Wholesale Dividend Announcement

The business 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 $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COST shares. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. DA Davidson boosted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Company 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.