Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Alan B Lancz & Associates Inc.

Alan B Lancz & Associates Inc. lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.5% during the 4th quarter, HoldingsChannel reports. The firm owned 4,948 shares of the retailer’s stock after selling 910 shares during the quarter. Costco Wholesale comprises 4.6% of Alan B Lancz & Associates Inc.’s holdings, making the stock its 3rd biggest position. Alan B Lancz & Associates Inc.’s holdings in Costco Wholesale were worth $4,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Thursday, January 9th. DA Davidson raised their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of NASDAQ COST opened at $939.68 on Monday. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $951.57 and a two-hundred day moving average of $903.84. The company has a market cap of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

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.