Y.D. More Investments Ltd Sells 46 Shares of Costco Wholesale Co. (NASDAQ:COST)

Y.D. More Investments Ltd reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 745 shares of the retailer’s stock after selling 46 shares during the period. Y.D. More Investments Ltd’s holdings in Costco Wholesale were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jackson Wealth Management LLC boosted its stake in Costco Wholesale by 2.3% in the 4th quarter. Jackson Wealth Management LLC now owns 20,685 shares of the retailer’s stock valued at $18,953,000 after buying an additional 474 shares in the last quarter. Weaver Capital Management LLC lifted its holdings in shares of Costco Wholesale by 8.2% during the fourth quarter. Weaver Capital Management LLC now owns 4,679 shares of the retailer’s stock valued at $4,288,000 after acquiring an additional 355 shares during the period. Hager Investment Management Services LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $3,828,000. Stratos Investment Management LLC boosted its stake in shares of Costco Wholesale by 19.6% in the 4th quarter. Stratos Investment Management LLC now owns 5,219 shares of the retailer’s stock valued at $4,782,000 after purchasing an additional 854 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in shares of Costco Wholesale by 2.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 56,109 shares of the retailer’s stock worth $51,412,000 after purchasing an additional 1,132 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST opened at $1,042.88 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $462.93 billion, a P/E ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The stock’s 50-day moving average price is $956.42 and its two-hundred day moving average price is $910.75. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,043.09.

Costco Wholesale Announces Dividend

The company 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 dividend of $1.16 per share. 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 is currently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Evercore ISI increased their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.