Embree Financial Group Has $785,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Embree Financial Group lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 857 shares of the retailer’s stock after selling 36 shares during the quarter. Embree Financial Group’s holdings in Costco Wholesale were worth $785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Costco Wholesale by 75,894.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC increased its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COST. Loop Capital upped their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Evercore ISI upped their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target 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. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

NASDAQ:COST opened at $939.68 on Monday. The firm has a fifty day simple moving average of $951.57 and a two-hundred day simple moving average of $903.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 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.