Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Tobam

Tobam trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.1% during the 4th quarter, Holdings Channel reports. The fund owned 389 shares of the retailer’s stock after selling 64 shares during the quarter. Tobam’s holdings in Costco Wholesale were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the period. Hudson Value Partners LLC increased its position in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,043.81 on Friday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The stock’s fifty day moving average is $959.83 and its two-hundred day moving average is $912.64. The company has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

A number of equities analysts have weighed in on COST shares. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Evercore ISI lifted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average 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.