Choreo LLC Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

Choreo LLC reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,730 shares of the retailer’s stock after selling 321 shares during the period. Choreo LLC’s holdings in Costco Wholesale were worth $19,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB purchased a new position in Costco Wholesale in the 3rd quarter valued at about $42,896,000. Czech National Bank grew its stake in shares of Costco Wholesale by 6.9% during the 3rd quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock valued at $80,063,000 after buying an additional 5,799 shares during the period. Axiom Advisory LLC increased its stake in Costco Wholesale by 14.7% during the third quarter. Axiom Advisory LLC now owns 960 shares of the retailer’s stock worth $845,000 after acquiring an additional 123 shares during the last quarter. City Holding Co. raised its holdings in Costco Wholesale by 7.7% in the third quarter. City Holding Co. now owns 8,159 shares of the retailer’s stock valued at $7,233,000 after buying an additional 584 shares during the period. Finally, Reliant Investment Management LLC raised its stake in shares of Costco Wholesale by 6.9% in the 3rd quarter. Reliant Investment Management LLC now owns 418 shares of the retailer’s stock valued at $371,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on COST shares. Wells Fargo & Company boosted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday. Finally, Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.1 %

Costco Wholesale stock opened at $1,042.88 on Thursday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,043.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market capitalization of $462.93 billion, a price-to-earnings ratio of 61.24, a P/E/G ratio of 5.84 and a beta of 0.84. The company has a 50 day moving average price of $956.42 and a 200 day moving average price of $910.75.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend 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.