Stockman Wealth Management Inc. Sells 14,419 Shares of Costco Wholesale Co. (NASDAQ:COST)

Stockman Wealth Management Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,770 shares of the retailer’s stock after selling 14,419 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Costco Wholesale were worth $2,538,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares in the last quarter. Hudson Value Partners LLC increased its stake in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares during the period. Nwam LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $8,430,000. Finally, GAMMA Investing LLC grew its holdings in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares in 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 commented on COST shares. Stifel Nicolaus boosted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday. Raymond James boosted 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 report on Thursday, December 12th. Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Evercore ISI raised their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,043.81 on Monday. The business has a 50-day simple moving average of $961.27 and a 200 day simple moving average of $914.43. The firm has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00.

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 given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Costco Wholesale Company 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.