Gulf International Bank UK Ltd Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Gulf International Bank UK Ltd cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,634 shares of the retailer’s stock after selling 371 shares during the quarter. Costco Wholesale makes up approximately 0.8% of Gulf International Bank UK Ltd’s portfolio, making the stock its 17th biggest position. Gulf International Bank UK Ltd’s holdings in Costco Wholesale were worth $31,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

COST has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 2.2 %

Shares of COST stock opened at $1,031.97 on Thursday. The business’s fifty day moving average price is $979.28 and its 200 day moving average price is $935.71. The firm has a market capitalization of $458.09 billion, a PE ratio of 60.60, a P/E/G ratio of 6.15 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 1-year low of $697.27 and a 1-year high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.