Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 993 shares of the retailer’s stock after selling 37 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Costco Wholesale were worth $910,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the fourth quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,005.83 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $954.51 and a 200-day moving average of $908.28. The stock has a market cap of $446.49 billion, a P/E ratio of 59.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,009.61.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research analyst reports. Roth Mkm upped their price objective 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. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.