Opinicus Capital Inc. Sells 62 Shares of Costco Wholesale Co. (NASDAQ:COST)

Opinicus Capital Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,836 shares of the retailer’s stock after selling 62 shares during the quarter. Costco Wholesale accounts for about 1.4% of Opinicus Capital Inc.’s investment portfolio, making the stock its 16th biggest position. Opinicus Capital Inc.’s holdings in Costco Wholesale were worth $1,682,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COST. AMF Tjanstepension AB bought a new stake in shares of Costco Wholesale in the 3rd quarter worth about $42,896,000. Fermata Advisors LLC grew its stake in Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the last quarter. Nvest Financial LLC increased its holdings in shares of Costco Wholesale by 9.2% during the third quarter. Nvest Financial LLC now owns 2,527 shares of the retailer’s stock worth $2,240,000 after buying an additional 212 shares in the last quarter. Walker Financial Services Inc. raised its stake in shares of Costco Wholesale by 8.9% in the third quarter. Walker Financial Services Inc. now owns 306 shares of the retailer’s stock valued at $271,000 after acquiring an additional 25 shares during the last quarter. Finally, Iowa State Bank boosted its holdings in shares of Costco Wholesale by 8.0% in the 3rd quarter. Iowa State Bank now owns 2,110 shares of the retailer’s stock worth $1,871,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $1,043.81 on Friday. The stock has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 firm’s fifty day simple moving average is $961.27 and its two-hundred day simple moving average is $914.00. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,063.00.

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 given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.