DeDora Capital Inc. Sells 35 Shares of Costco Wholesale Co. (NASDAQ:COST)

DeDora Capital Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,108 shares of the retailer’s stock after selling 35 shares during the period. Costco Wholesale comprises 1.0% of DeDora Capital Inc.’s portfolio, making the stock its 25th biggest holding. DeDora Capital Inc.’s holdings in Costco Wholesale were worth $3,764,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. AMF Tjanstepension AB bought a new position in Costco Wholesale during the third quarter worth about $42,896,000. Wedge Capital Management L L P NC bought a new position in Costco Wholesale during the third quarter worth about $213,000. Creative Planning lifted its stake in Costco Wholesale by 5.5% during the third quarter. Creative Planning now owns 224,169 shares of the retailer’s stock worth $194,245,000 after purchasing an additional 11,678 shares during the period. Swedbank AB lifted its stake in Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Finally, Riversedge Advisors LLC lifted its stake in Costco Wholesale by 1.4% during the third quarter. Riversedge Advisors LLC now owns 870 shares of the retailer’s stock worth $771,000 after purchasing an additional 12 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wells Fargo & Company raised 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 note on Friday, December 13th. TD Cowen raised 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. Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial raised their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,071.85 on Friday. The company has a 50 day moving average of $967.91 and a 200-day moving average of $920.57. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 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.