Klingenstein Fields & Co. LP Sells 658 Shares of Costco Wholesale Co. (NASDAQ:COST)

Klingenstein Fields & Co. LP trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,487 shares of the retailer’s stock after selling 658 shares during the quarter. Costco Wholesale comprises about 2.0% of Klingenstein Fields & Co. LP’s holdings, making the stock its 13th biggest holding. Klingenstein Fields & Co. LP’s holdings in Costco Wholesale were worth $49,925,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the period. Hudson Value Partners LLC increased its position in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC acquired a new stake in Costco Wholesale in the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in Costco Wholesale in the fourth quarter worth about $8,430,000. Finally, GAMMA Investing LLC increased its position in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Morgan Stanley boosted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays boosted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Evercore ISI boosted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 0.5 %

NASDAQ COST opened at $1,071.85 on Friday. The stock has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The stock’s 50 day moving average price is $967.91 and its two-hundred day moving average price is $920.57. 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 Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Announces Dividend

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 paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale 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.