Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,276 shares of the retailer’s stock after selling 3,617 shares during the quarter. Copeland Capital Management LLC’s holdings in Costco Wholesale were worth $14,914,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COST. Avantra Family Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $793,000. Spire Wealth Management boosted its holdings in Costco Wholesale by 2.0% in the fourth quarter. Spire Wealth Management now owns 34,417 shares of the retailer’s stock worth $31,535,000 after purchasing an additional 668 shares during the period. Riverstone Advisors LLC increased its stake in Costco Wholesale by 34.3% during the fourth quarter. Riverstone Advisors LLC now owns 689 shares of the retailer’s stock valued at $631,000 after purchasing an additional 176 shares during the last quarter. Journey Strategic Wealth LLC lifted its position in shares of Costco Wholesale by 10.2% in the 4th quarter. Journey Strategic Wealth LLC now owns 3,362 shares of the retailer’s stock worth $3,081,000 after buying an additional 310 shares during the last quarter. Finally, SYM FINANCIAL Corp boosted its holdings in shares of Costco Wholesale by 120.3% in the 4th quarter. SYM FINANCIAL Corp now owns 1,529 shares of the retailer’s stock valued at $1,401,000 after buying an additional 835 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus upped their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 0.1 %

COST stock opened at $979.88 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $434.97 billion, a PE ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25. The firm has a 50 day simple moving average of $954.51 and a 200 day simple moving average of $907.85.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Costco Wholesale Company 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.