Osborne Partners Capital Management LLC Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

Osborne Partners Capital Management LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,345 shares of the retailer’s stock after selling 18 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Costco Wholesale were worth $11,311,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COST. Fermata Advisors LLC raised its position in shares of Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC grew its stake in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC raised its holdings in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares during the last quarter. Gill Capital Partners LLC lifted its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares during the period. Finally, Scott Capital Advisors LLC boosted its holdings in shares of Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Shares of COST opened at $979.88 on Monday. The stock has a 50-day moving average price of $954.51 and a 200 day moving average price of $907.85. The company has a market capitalization of $434.97 billion, a P/E ratio of 57.54, a P/E/G ratio of 5.75 and a beta of 0.84. Costco Wholesale Co. has a one year low of $691.50 and a one year high of $1,008.25. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COST shares. DA Davidson increased their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays lifted their price target 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. Finally, Stifel Nicolaus upped their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.