Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cross Staff Investments Inc

Cross Staff Investments Inc lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,910 shares of the retailer’s stock after selling 25 shares during the quarter. Costco Wholesale comprises 1.3% of Cross Staff Investments Inc’s portfolio, making the stock its 20th largest position. Cross Staff Investments Inc’s holdings in Costco Wholesale were worth $1,750,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Nadler Financial Group Inc. lifted its holdings in Costco Wholesale by 10.6% during the 4th quarter. Nadler Financial Group Inc. now owns 3,532 shares of the retailer’s stock worth $3,236,000 after buying an additional 339 shares during the last quarter. Golden State Equity Partners lifted its holdings in Costco Wholesale by 1,262.3% during the 4th quarter. Golden State Equity Partners now owns 3,215 shares of the retailer’s stock worth $2,946,000 after buying an additional 2,979 shares during the last quarter. Avantra Family Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter worth approximately $793,000. Spire Wealth Management lifted its holdings in Costco Wholesale by 2.0% during the 4th quarter. Spire Wealth Management now owns 34,417 shares of the retailer’s stock worth $31,535,000 after buying an additional 668 shares during the last quarter. Finally, Riverstone Advisors LLC lifted its holdings in Costco Wholesale by 34.3% during the 4th quarter. Riverstone Advisors LLC now owns 689 shares of the retailer’s stock worth $631,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $979.88 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.84 and a beta of 0.84. The stock’s fifty day simple moving average is $954.51 and its 200 day simple moving average is $907.85. Costco Wholesale Co. has a 52-week low of $691.50 and a 52-week high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of several recent research reports. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus raised their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Company 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.