Mutual of America Capital Management LLC Cuts Position in Costco Wholesale Co. (NASDAQ:COST)

Mutual of America Capital Management LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,258 shares of the retailer’s stock after selling 2,158 shares during the period. Costco Wholesale accounts for 0.6% of Mutual of America Capital Management LLC’s portfolio, making the stock its 18th largest position. Mutual of America Capital Management LLC’s holdings in Costco Wholesale were worth $51,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. AMF Tjanstepension AB purchased a new position in Costco Wholesale during the 3rd quarter worth $42,896,000. Swedbank AB boosted its holdings in Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares in the last quarter. Oldfather Financial Services LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $200,000. HM Payson & Co. increased its holdings in shares of Costco Wholesale by 5.5% during the third quarter. HM Payson & Co. now owns 3,303 shares of the retailer’s stock valued at $2,928,000 after acquiring an additional 172 shares in the last quarter. Finally, Palumbo Wealth Management LLC increased its holdings in shares of Costco Wholesale by 1.3% during the third quarter. Palumbo Wealth Management LLC now owns 5,668 shares of the retailer’s stock valued at $5,025,000 after acquiring an additional 70 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. 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 note on Friday, December 13th. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,048.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a fifty day moving average of $982.51 and a 200 day moving average of $937.59. The firm has a market cap of $465.48 billion, a PE ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend payout ratio is currently 27.25%.

About Costco Wholesale

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.