Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,217 shares of the retailer’s stock after selling 20,564 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Costco Wholesale were worth $82,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in COST. Marks Group Wealth Management Inc raised its stake in shares of Costco Wholesale by 31.2% during the fourth quarter. Marks Group Wealth Management Inc now owns 1,002 shares of the retailer’s stock worth $918,000 after purchasing an additional 238 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its stake in Costco Wholesale by 1.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 2,124 shares of the retailer’s stock valued at $1,946,000 after buying an additional 25 shares during the period. Jmac Enterprises LLC raised its position in Costco Wholesale by 1.4% during the 4th quarter. Jmac Enterprises LLC now owns 1,401 shares of the retailer’s stock worth $1,284,000 after buying an additional 19 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of Costco Wholesale by 3.4% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 1,909 shares of the retailer’s stock worth $1,749,000 after acquiring an additional 62 shares during the period. Finally, Kentucky Trust Co purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $82,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.6 %

COST opened at $1,065.12 on Thursday. The firm has a market cap of $472.81 billion, a P/E ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84. The business’s fifty day simple moving average is $964.53 and its 200 day simple moving average is $918.45. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,067.00. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.