Community Financial Services Group LLC Sells 954 Shares of Costco Wholesale Co. (NASDAQ:COST)

Community Financial Services Group LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,196 shares of the retailer’s stock after selling 954 shares during the period. Costco Wholesale makes up about 2.4% of Community Financial Services Group LLC’s portfolio, making the stock its 11th biggest position. Community Financial Services Group LLC’s holdings in Costco Wholesale were worth $12,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on COST. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. DA Davidson raised their price target 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. Finally, Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 0.6 %

NASDAQ:COST opened at $1,065.12 on Thursday. The firm has a market capitalization of $472.81 billion, a P/E ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84. The company’s fifty day moving average price is $964.53 and its 200-day moving average price is $918.45. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,067.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.