Colonial River Investments LLC Sells 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Colonial River Investments LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,429 shares of the retailer’s stock after selling 19 shares during the quarter. Costco Wholesale makes up 1.1% of Colonial River Investments LLC’s portfolio, making the stock its 23rd biggest position. Colonial River Investments LLC’s holdings in Costco Wholesale were worth $2,225,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale during the third quarter valued at $42,896,000. Swedbank AB boosted its position in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares during the last quarter. Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $650,000. Tarbox Family Office Inc. boosted its position in shares of Costco Wholesale by 20.0% during the third quarter. Tarbox Family Office Inc. now owns 894 shares of the retailer’s stock valued at $793,000 after buying an additional 149 shares during the last quarter. Finally, Joel Isaacson & Co. LLC boosted its position in shares of Costco Wholesale by 2.8% during the third quarter. Joel Isaacson & Co. LLC now owns 3,755 shares of the retailer’s stock valued at $3,329,000 after buying an additional 102 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on COST shares. 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. 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. 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. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,035.03 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. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock’s 50 day simple moving average is $975.61 and its two-hundred day simple moving average is $932.24. The company has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. 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 payout ratio is 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.