Sachetta LLC Sells 28 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sachetta LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,225 shares of the retailer’s stock after selling 28 shares during the period. Sachetta LLC’s holdings in Costco Wholesale were worth $1,123,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Midwest Financial Group LLC raised its position in shares of Costco Wholesale by 131.7% during the fourth quarter. Midwest Financial Group LLC now owns 825 shares of the retailer’s stock valued at $755,000 after buying an additional 469 shares during the last quarter. Berbice Capital Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $4,073,000. Impact Partnership Wealth LLC purchased a new stake in Costco Wholesale in the 4th quarter worth $258,000. Southland Equity Partners LLC lifted its position in shares of Costco Wholesale by 4.1% in the fourth quarter. Southland Equity Partners LLC now owns 631 shares of the retailer’s stock worth $578,000 after buying an additional 25 shares in the last quarter. Finally, St. Johns Investment Management Company LLC boosted its position in shares of Costco Wholesale by 1.3% during the 4th quarter. St. Johns Investment Management Company LLC now owns 1,830 shares of the retailer’s stock valued at $1,677,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on COST. Jefferies Financial Group increased their price target 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. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $939.68 on Friday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock’s fifty day simple moving average is $951.57 and its two-hundred day simple moving average is $903.72. The stock has a market capitalization of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

About Costco Wholesale

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.