Summa Corp. Sells 392 Shares of Costco Wholesale Co. (NASDAQ:COST)

Summa Corp. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531 shares of the retailer’s stock after selling 392 shares during the quarter. Summa Corp.’s holdings in Costco Wholesale were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of COST. Fermata Advisors LLC increased its holdings in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares in the last quarter. Sculati Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the last quarter. Gill Capital Partners LLC lifted its position in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the period. Finally, Scott Capital Advisors LLC boosted its holdings in Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report 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’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 1.6 %

COST opened at $979.01 on Friday. The company has a market capitalization of $434.58 billion, a PE ratio of 57.49, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The firm has a 50-day simple moving average of $953.78 and a two-hundred day simple moving average of $906.03. 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 Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently declared 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 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.