Amalgamated Bank Sells 2,296 Shares of Costco Wholesale Co. (NASDAQ:COST)

Amalgamated Bank decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,683 shares of the retailer’s stock after selling 2,296 shares during the quarter. Costco Wholesale comprises approximately 0.8% of Amalgamated Bank’s holdings, making the stock its 14th largest position. Amalgamated Bank’s holdings in Costco Wholesale were worth $98,667,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

COST has been the subject of several research reports. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Robert W. Baird raised their price objective 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. Raymond James upped their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.1 %

Shares of Costco Wholesale stock opened at $1,035.60 on Tuesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The business has a fifty day simple moving average of $976.47 and a 200 day simple moving average of $933.62. 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 cap of $459.70 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. 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.