Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Richardson Financial Services Inc.

Richardson Financial Services Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,023 shares of the retailer’s stock after selling 275 shares during the period. Richardson Financial Services Inc.’s holdings in Costco Wholesale were worth $943,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of COST. AMF Tjanstepension AB acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $42,896,000. Czech National Bank boosted its position in Costco Wholesale by 6.9% in the 3rd quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after purchasing an additional 5,799 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Costco Wholesale by 24.2% during the 3rd quarter. GAMMA Investing LLC now owns 6,661 shares of the retailer’s stock valued at $5,905,000 after purchasing an additional 1,300 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Costco Wholesale by 5.6% in the 3rd quarter. Diversified Trust Co now owns 7,631 shares of the retailer’s stock valued at $6,765,000 after purchasing an additional 403 shares during the period. Finally, Everpar Advisors LLC boosted its holdings in Costco Wholesale by 3.3% during the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock worth $478,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Shares of COST opened at $979.88 on Monday. 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 Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25. The stock has a market capitalization 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. The business’s 50-day moving average price is $954.51 and its 200 day moving average price is $907.85.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on COST shares. Stifel Nicolaus raised their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. DA Davidson lifted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Evercore ISI lifted their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, 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.