Victory Capital Management Inc. Sells 31,954 Shares of Costco Wholesale Co. (NASDAQ:COST)

Victory Capital Management Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.9% during the fourth quarter, HoldingsChannel reports. The firm owned 372,227 shares of the retailer’s stock after selling 31,954 shares during the quarter. Victory Capital Management Inc.’s holdings in Costco Wholesale were worth $341,060,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $31,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial purchased a new stake in Costco Wholesale in the fourth quarter worth $35,000. Finally, Barrett & Company Inc. grew its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Barclays lifted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,036.87 on Wednesday. The stock has a market cap of $460.27 billion, a PE ratio of 60.88, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The firm has a fifty day moving average price of $986.01 and a 200-day moving average price of $941.00. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 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.