Scott & Selber Inc. Has $2.22 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Scott & Selber Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,423 shares of the retailer’s stock after selling 59 shares during the quarter. Scott & Selber Inc.’s holdings in Costco Wholesale were worth $2,220,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Hudson Value Partners LLC raised its position in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale during the 4th quarter worth $8,430,000. Finally, GAMMA Investing LLC grew its stake in Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COST has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,046.85 on Tuesday. The stock has a market capitalization of $464.70 billion, a P/E ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm has a 50 day moving average of $984.45 and a 200-day moving average of $939.83.

Costco Wholesale Announces Dividend

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

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.