Bay Rivers Group Reduces Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Bay Rivers Group cut its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,797 shares of the retailer’s stock after selling 42 shares during the period. Costco Wholesale accounts for about 2.6% of Bay Rivers Group’s portfolio, making the stock its 11th biggest position. Bay Rivers Group’s holdings in Costco Wholesale were worth $5,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the last quarter. Hudson Value Partners LLC increased its stake in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC bought a new stake in shares of Costco Wholesale during the third quarter worth $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale in the fourth quarter worth about $8,430,000. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on COST shares. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Read Our Latest Report on Costco Wholesale

Costco Wholesale Stock Down 0.7 %

COST stock opened at $958.67 on Wednesday. The company has a market capitalization of $425.55 billion, a P/E ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $686.26 and a 12 month high of $1,008.25. The firm’s fifty day simple moving average is $952.49 and its 200-day simple moving average is $904.81. 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 business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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