Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,685 shares of the retailer’s stock after selling 1,018 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Costco Wholesale were worth $5,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $35,000. Barrett & Company Inc. grew its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.1 %

Shares of NASDAQ:COST opened at $1,076.86 on Friday. 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 firm has a market cap of $478.02 billion, a PE ratio of 63.23, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a fifty day simple moving average of $966.02 and a 200 day simple moving average of $919.48.

Costco Wholesale Announces Dividend

The business 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 dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.