Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Red Wave Investments LLC

Red Wave Investments LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,879 shares of the retailer’s stock after selling 45 shares during the period. Red Wave Investments LLC’s holdings in Costco Wholesale were worth $1,722,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Cromwell Holdings LLC grew its holdings in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares in the last quarter. Sculati Wealth Management LLC boosted its position in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after acquiring an additional 11 shares in the last quarter. Gill Capital Partners LLC increased its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 11 shares during the period. Finally, Scott Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,035.03 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The stock has a 50 day moving average of $975.61 and a two-hundred day moving average of $930.59. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

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 paid a dividend of $1.16 per share. 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 dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several research firms recently commented on COST. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.