Stockman Wealth Management Inc. Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

Stockman Wealth Management Inc. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 83.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the retailer’s stock after selling 14,419 shares during the period. Stockman Wealth Management Inc.’s holdings in Costco Wholesale were worth $2,538,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC grew its stake in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after buying an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares during the period. Pathway Financial Advisers LLC grew its position in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares during the period. Finally, FMR LLC increased its holdings in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the 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.

Costco Wholesale Stock Down 0.7 %

Shares of COST opened at $1,043.81 on Monday. The firm has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The stock has a 50 day simple moving average of $961.27 and a two-hundred day simple moving average of $914.43. 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 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 issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 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.