Deseret Mutual Benefit Administrators Sells 11 Shares of Costco Wholesale Co. (NASDAQ:COST)

Deseret Mutual Benefit Administrators decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,005 shares of the retailer’s stock after selling 11 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Costco Wholesale were worth $921,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. AMF Tjanstepension AB acquired a new position in Costco Wholesale in the 3rd quarter valued at $42,896,000. Swedbank AB boosted its position in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares during the period. McAdam LLC grew its stake in shares of Costco Wholesale by 17.5% in the third quarter. McAdam LLC now owns 752 shares of the retailer’s stock valued at $666,000 after acquiring an additional 112 shares in the last quarter. International Assets Investment Management LLC increased its position in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Finally, Spectrum Asset Management Inc. NB CA raised its stake in Costco Wholesale by 5.4% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 2,047 shares of the retailer’s stock worth $1,815,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.0 %

NASDAQ COST opened at $1,035.03 on Friday. The business’s 50-day moving average price is $975.61 and its two-hundred day moving average price is $930.59. 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 firm has a market capitalization of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

A number of brokerages have issued reports on COST. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.