Callahan Advisors LLC Sells 100 Shares of Costco Wholesale Co. (NASDAQ:COST)

Callahan Advisors LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 748 shares of the retailer’s stock after selling 100 shares during the quarter. Callahan Advisors LLC’s holdings in Costco Wholesale were worth $686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Barrett & Company Inc. increased its position in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on COST shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. Citigroup lifted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,056.03 on Wednesday. The stock has a market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a 50-day moving average of $972.43 and a two-hundred day moving average of $927.29.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

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.