Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,200 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,256 shares of the retailer’s stock after selling 3,200 shares during the quarter. Costco Wholesale makes up about 0.8% of Fjarde AP Fonden Fourth Swedish National Pension Fund’s portfolio, making the stock its 21st biggest position. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Costco Wholesale were worth $82,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cromwell Holdings LLC increased its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after purchasing an additional 10 shares in the last quarter. 44 Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares in the last quarter. Sculati Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares in the last quarter. Finally, Gill Capital Partners LLC increased its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on COST shares. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. BMO Capital Markets raised their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Truist Financial raised their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 0.0 %

Shares of NASDAQ:COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The company has a 50 day moving average of $975.61 and a 200-day moving average of $931.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is currently 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.