SJS Investment Consulting Inc. Sells 108 Shares of Costco Wholesale Co. (NASDAQ:COST)

SJS Investment Consulting Inc. lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 987 shares of the retailer’s stock after selling 108 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Costco Wholesale were worth $904,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in COST. Lantz Financial LLC boosted its position in shares of Costco Wholesale by 1.7% in the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after acquiring an additional 11 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of Costco Wholesale by 16.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 2,835 shares of the retailer’s stock valued at $2,598,000 after acquiring an additional 397 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of Costco Wholesale by 18.7% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 5,177 shares of the retailer’s stock valued at $4,744,000 after acquiring an additional 816 shares during the period. Accel Wealth Management boosted its position in shares of Costco Wholesale by 1.8% in the fourth quarter. Accel Wealth Management now owns 695 shares of the retailer’s stock valued at $637,000 after acquiring an additional 12 shares during the period. Finally, DGS Capital Management LLC boosted its position in shares of Costco Wholesale by 2.5% in the fourth quarter. DGS Capital Management LLC now owns 775 shares of the retailer’s stock valued at $710,000 after acquiring an additional 19 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on COST. Truist Financial increased their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird raised their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $939.68 on Friday. The stock has a 50-day simple moving average of $951.57 and a 200 day simple moving average of $903.72. 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 Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. 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.