Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Invesco LLC

Invesco LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,037 shares of the retailer’s stock after selling 52 shares during the period. Costco Wholesale accounts for 3.3% of Invesco LLC’s investment portfolio, making the stock its 6th biggest position. Invesco LLC’s holdings in Costco Wholesale were worth $8,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fermata Advisors LLC lifted its stake in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares in the last quarter. Sculati Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares during the last quarter. Sivia Capital Partners LLC increased its position in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the last quarter. Gill Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after buying an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC increased its holdings in Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COST shares. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

NASDAQ:COST opened at $979.01 on Friday. The company has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 5.63 and a beta of 0.84. The company has a 50-day moving average of $953.78 and a 200-day moving average of $906.03. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25. 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. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 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.