Costco Wholesale Co. (NASDAQ:COST) is Cumberland Partners Ltd’s 10th Largest Position

Cumberland Partners Ltd cut its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 47,590 shares of the retailer’s stock after selling 142 shares during the quarter. Costco Wholesale accounts for 3.0% of Cumberland Partners Ltd’s holdings, making the stock its 10th biggest position. Cumberland Partners Ltd’s holdings in Costco Wholesale were worth $43,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $35,000. Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale during the fourth quarter worth approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.6 %

NASDAQ:COST opened at $1,062.54 on Thursday. The stock has a market capitalization of $471.66 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a fifty day moving average price of $973.78 and a two-hundred day moving average price of $928.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

Several brokerages have commented on COST. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.