JB Capital LLC Has $757,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

JB Capital LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 824 shares of the retailer’s stock after selling 25 shares during the quarter. JB Capital LLC’s holdings in Costco Wholesale were worth $757,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. FMR LLC boosted its position in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of 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 buying an additional 7,364,453 shares during the period. Jennison Associates LLC increased its position in Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after buying an additional 125,444 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Costco Wholesale by 2.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock worth $2,726,107,000 after buying an additional 70,561 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 2.6 %

Shares of NASDAQ COST opened at $1,005.83 on Tuesday. The business’s fifty day moving average price is $954.51 and its 200-day moving average price is $908.28. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,009.61. The stock has a market capitalization of $446.49 billion, a PE ratio of 59.06, a P/E/G ratio of 5.84 and a beta of 0.84. 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 firm also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.46%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

Several research firms have recently commented on COST. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Citigroup lifted their price target 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 analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.