J. W. Coons Advisors LLC Sells 152 Shares of Costco Wholesale Co. (NASDAQ:COST)

J. W. Coons Advisors LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,925 shares of the retailer’s stock after selling 152 shares during the quarter. Costco Wholesale comprises approximately 1.2% of J. W. Coons Advisors LLC’s investment portfolio, making the stock its 19th largest position. J. W. Coons Advisors LLC’s holdings in Costco Wholesale were worth $4,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC lifted its holdings in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after purchasing an additional 125,444 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Costco Wholesale by 2.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after purchasing an additional 70,561 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Costco Wholesale by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 3,034,491 shares of the retailer’s stock valued at $2,690,138,000 after purchasing an additional 78,590 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.0 %

COST stock opened at $1,035.03 on Monday. 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 firm has a market capitalization of $459.45 billion, a PE ratio of 60.78, a PEG ratio of 6.15 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 business’s 50 day simple moving average is $975.61 and its 200 day simple moving average is $932.24.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COST shares. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. DA Davidson boosted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price 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.