Hudson Valley Investment Advisors Inc. ADV Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Hudson Valley Investment Advisors Inc. ADV trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,018 shares of the retailer’s stock after selling 38 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Costco Wholesale were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC grew its position in Costco Wholesale by 1,300.0% during the second quarter. Quest Partners LLC now owns 308 shares of the retailer’s stock valued at $262,000 after buying an additional 286 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Costco Wholesale by 1.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 7,402 shares of the retailer’s stock worth $6,292,000 after purchasing an additional 104 shares in the last quarter. American Century Companies Inc. raised its holdings in Costco Wholesale by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 1,394,060 shares of the retailer’s stock worth $1,184,937,000 after purchasing an additional 30,359 shares during the period. Campbell Wealth Management purchased a new position in Costco Wholesale during the second quarter valued at $237,000. Finally, Y.D. More Investments Ltd lifted its position in Costco Wholesale by 12.6% during the second quarter. Y.D. More Investments Ltd now owns 1,026 shares of the retailer’s stock valued at $872,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on COST shares. Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday. Evercore ISI upped their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 0.7 %

COST opened at $927.37 on Friday. The stock has a 50-day moving average of $946.73 and a 200 day moving average of $897.99. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12 month low of $658.26 and a 12 month high of $1,008.25. The firm has a market cap of $411.66 billion, a P/E ratio of 54.46, a P/E/G ratio of 6.02 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.