Mitchell Capital Management Co. Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Mitchell Capital Management Co. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 7,512 shares of the retailer’s stock after selling 125 shares during the period. Costco Wholesale accounts for about 1.2% of Mitchell Capital Management Co.’s holdings, making the stock its 22nd biggest holding. Mitchell Capital Management Co.’s holdings in Costco Wholesale were worth $6,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COST. Swedbank AB raised its stake in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares during the last quarter. Stephens Inc. AR raised its stake in Costco Wholesale by 3.6% during the 3rd quarter. Stephens Inc. AR now owns 15,397 shares of the retailer’s stock valued at $13,650,000 after acquiring an additional 538 shares during the last quarter. Lebenthal Global Advisors LLC raised its stake in Costco Wholesale by 19.5% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 1,209 shares of the retailer’s stock valued at $1,072,000 after acquiring an additional 197 shares during the last quarter. Values Added Financial LLC raised its stake in Costco Wholesale by 4.7% during the 3rd quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock valued at $1,163,000 after acquiring an additional 59 shares during the last quarter. Finally, Fonville Wealth Management LLC raised its stake in Costco Wholesale by 6.1% during the 3rd quarter. Fonville Wealth Management LLC now owns 469 shares of the retailer’s stock valued at $416,000 after acquiring an additional 27 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,048.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a fifty day moving average of $982.51 and a two-hundred day moving average of $938.10. The company has a market capitalization of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have commented on COST. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Truist Financial boosted 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. Wells Fargo & Company boosted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.