Norris Perne & French LLP MI Cuts Stake in Costco Wholesale Co. (NASDAQ:COST)

Norris Perne & French LLP MI cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 22.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,910 shares of the retailer’s stock after selling 1,435 shares during the quarter. Norris Perne & French LLP MI’s holdings in Costco Wholesale were worth $4,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COST. Fermata Advisors LLC increased its position in shares of Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares during the period. Sculati Wealth Management LLC grew its stake in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the period. Gill Capital Partners LLC raised its position in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on COST. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report 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 stock an “outperform” rating in a report on Friday, December 13th. Finally, Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 0.1 %

Costco Wholesale stock opened at $979.88 on Friday. The stock has a 50-day moving average price of $954.19 and a 200 day moving average price of $906.54. The company has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s 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.