US Bancorp DE Sells 8,150 Shares of Costco Wholesale Co. (NASDAQ:COST)

US Bancorp DE decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 544,164 shares of the retailer’s stock after selling 8,150 shares during the quarter. US Bancorp DE’s holdings in Costco Wholesale were worth $498,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. Cromwell Holdings LLC increased its stake in Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC increased its stake in Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the period. SRN Advisors LLC increased its stake in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares during the period. Sculati Wealth Management LLC increased its stake in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the period. Finally, Sivia Capital Partners LLC increased its stake in Costco Wholesale by 0.3% during the fourth 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 period. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Barclays upped their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

COST stock opened at $1,048.61 on Friday. The company has a market capitalization of $465.48 billion, a P/E ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The business has a 50 day simple moving average of $982.51 and a 200-day simple moving average of $937.59. 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 Dividend Announcement

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

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.