Slow Capital Inc. Has $12.54 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Slow Capital Inc. cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,689 shares of the retailer’s stock after selling 603 shares during the period. Costco Wholesale comprises approximately 1.8% of Slow Capital Inc.’s investment portfolio, making the stock its 15th biggest position. Slow Capital Inc.’s holdings in Costco Wholesale were worth $12,543,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at $33,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.7 %

Costco Wholesale stock opened at $958.67 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $686.26 and a fifty-two week high of $1,008.25. 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’s 50-day simple moving average is $952.49 and its 200 day simple moving average is $904.81. The stock has a market cap of $425.55 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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 paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. 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. Evercore ISI upped their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.