State of Alaska Department of Revenue Decreases Holdings in Costco Wholesale Co. (NASDAQ:COST)

State of Alaska Department of Revenue cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.1% during the 4th quarter, HoldingsChannel reports. The fund owned 54,494 shares of the retailer’s stock after selling 4,805 shares during the quarter. Costco Wholesale makes up 0.6% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 20th biggest position. State of Alaska Department of Revenue’s holdings in Costco Wholesale were worth $49,930,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST opened at $1,050.99 on Friday. The stock has a 50-day moving average price of $958.04 and a 200-day moving average price of $911.67. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. BMO Capital Markets raised their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nine investment 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 has a consensus rating of “Moderate Buy” and a consensus target price 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.