Victory Capital Management Inc. Sells 31,954 Shares of Costco Wholesale Co. (NASDAQ:COST)

Victory Capital Management Inc. reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 372,227 shares of the retailer’s stock after selling 31,954 shares during the period. Victory Capital Management Inc. owned 0.08% of Costco Wholesale worth $341,060,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the fourth quarter worth about $31,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at about $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Finally, Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 1.0 %

Shares of COST opened at $1,036.87 on Wednesday. The stock has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $986.01 and a two-hundred day simple moving average of $941.00.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.