Los Angeles Capital Management LLC Sells 55,758 Shares of Costco Wholesale Co. (NASDAQ:COST)

Los Angeles Capital Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,688 shares of the retailer’s stock after selling 55,758 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Costco Wholesale were worth $134,406,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in COST. AMF Tjanstepension AB acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $42,896,000. Swedbank AB lifted its holdings in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Costco Wholesale by 6.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 122,992 shares of the retailer’s stock worth $109,034,000 after buying an additional 7,684 shares during the last quarter. First Bank & Trust lifted its holdings in shares of Costco Wholesale by 0.7% during the third quarter. First Bank & Trust now owns 4,162 shares of the retailer’s stock worth $3,690,000 after buying an additional 30 shares during the last quarter. Finally, Covenant Partners LLC raised its stake in shares of Costco Wholesale by 29.8% in the third quarter. Covenant Partners LLC now owns 545 shares of the retailer’s stock valued at $483,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on COST shares. Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Truist Financial increased 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. Finally, DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 0.1 %

NASDAQ:COST opened at $1,035.60 on Tuesday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The business’s 50-day moving average price is $976.47 and its two-hundred day moving average price is $933.62. 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 $459.70 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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