Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 42.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 429 shares of the retailer’s stock after selling 319 shares during the period. Horan Capital Advisors LLC.’s holdings in Costco Wholesale were worth $393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Swedbank AB grew its stake in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the last quarter. Van ECK Associates Corp grew its stake in Costco Wholesale by 8.3% during the 3rd quarter. Van ECK Associates Corp now owns 123,292 shares of the retailer’s stock worth $110,861,000 after buying an additional 9,447 shares during the last quarter. Lansing Street Advisors grew its stake in Costco Wholesale by 31.4% during the 3rd quarter. Lansing Street Advisors now owns 339 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the last quarter. Kanawha Capital Management LLC grew its stake in Costco Wholesale by 2.2% during the 3rd quarter. Kanawha Capital Management LLC now owns 16,044 shares of the retailer’s stock worth $14,223,000 after buying an additional 345 shares during the last quarter. Finally, Roman Butler Fullerton & Co. grew its stake in Costco Wholesale by 3.2% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 2,930 shares of the retailer’s stock worth $2,621,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Morgan Stanley lifted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,046.85 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The stock has a market cap of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The business has a fifty day moving average of $984.45 and a 200-day moving average of $939.83. 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 declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was 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 (DPR) is 27.25%.

About Costco Wholesale

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.