Cutter & CO Brokerage Inc. Has $496,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cutter & CO Brokerage Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 541 shares of the retailer’s stock after selling 10 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Costco Wholesale were worth $496,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Lake Street Advisors Group LLC boosted its position in shares of Costco Wholesale by 11.9% during the fourth quarter. Lake Street Advisors Group LLC now owns 5,362 shares of the retailer’s stock valued at $4,913,000 after buying an additional 571 shares during the last quarter. Kirtland Hills Capital Management LLC boosted its position in shares of Costco Wholesale by 1.1% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 1,982 shares of the retailer’s stock valued at $1,816,000 after buying an additional 22 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $10,801,000. FFT Wealth Management LLC boosted its position in shares of Costco Wholesale by 5.9% during the fourth quarter. FFT Wealth Management LLC now owns 722 shares of the retailer’s stock valued at $661,000 after buying an additional 40 shares during the last quarter. Finally, Delta Financial Advisors LLC boosted its position in shares of Costco Wholesale by 0.4% during the fourth quarter. Delta Financial Advisors LLC now owns 4,407 shares of the retailer’s stock valued at $4,038,000 after buying an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,055.66 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The firm has a market cap of $468.61 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. The business’s fifty day moving average is $977.94 and its 200 day moving average is $935.03.

Costco Wholesale Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale 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.