Costco Wholesale Co. (NASDAQ:COST) Holdings Cut by Csenge Advisory Group

Csenge Advisory Group lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 21.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,836 shares of the retailer’s stock after selling 1,555 shares during the period. Csenge Advisory Group’s holdings in Costco Wholesale were worth $5,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial bought a new position in Costco Wholesale in the fourth quarter worth about $35,000. Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the fourth quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.5 %

Costco Wholesale stock opened at $1,071.85 on Monday. The company has a 50 day moving average price of $969.49 and a 200 day moving average price of $923.13. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. 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 firm has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analysts Set New Price Targets

Several equities research analysts have commented on COST shares. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

About Costco Wholesale

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.