Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 46,065 shares of the retailer’s stock after selling 1,264 shares during the period. Costco Wholesale makes up about 1.9% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 15th biggest holding. Cookson Peirce & Co. Inc.’s holdings in Costco Wholesale were worth $42,208,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in COST. Cromwell Holdings LLC grew its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC boosted its position in Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC grew its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after acquiring an additional 10 shares in the last quarter. Sculati Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. DA Davidson raised 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. Truist Financial upped 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. BMO Capital Markets increased their price target on shares of 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. Finally, Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Down 1.0 %

COST stock opened at $1,036.87 on Wednesday. The firm has a 50-day moving average price of $986.01 and a 200-day moving average price of $941.00. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. 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 stock has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. 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.