Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 840 shares of the retailer’s stock after selling 45 shares during the quarter. Tributary Capital Management LLC’s holdings in Costco Wholesale were worth $770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on COST. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Stifel Nicolaus raised their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

NASDAQ COST opened at $939.68 on Monday. The company has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. 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 Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The firm’s fifty day moving average price is $951.57 and its 200 day moving average price is $903.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.