Klingman & Associates LLC Sells 71 Shares of Costco Wholesale Co. (NASDAQ:COST)

Klingman & Associates LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the 4th quarter, Holdings Channel reports. The firm owned 3,087 shares of the retailer’s stock after selling 71 shares during the quarter. Klingman & Associates LLC’s holdings in Costco Wholesale were worth $2,829,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of COST. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale in the third quarter worth approximately $42,896,000. Swedbank AB increased its position in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Trilogy Capital Inc. increased its position in shares of Costco Wholesale by 2.7% in the third quarter. Trilogy Capital Inc. now owns 766 shares of the retailer’s stock worth $679,000 after purchasing an additional 20 shares during the last quarter. Castleview Partners LLC boosted its stake in Costco Wholesale by 4.8% in the third quarter. Castleview Partners LLC now owns 545 shares of the retailer’s stock worth $483,000 after buying an additional 25 shares in the last quarter. Finally, Everence Capital Management Inc. boosted its stake in Costco Wholesale by 10.7% in the third quarter. Everence Capital Management Inc. now owns 10,323 shares of the retailer’s stock worth $9,152,000 after buying an additional 1,000 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST opened at $1,056.03 on Wednesday. The stock has a fifty day simple moving average of $972.43 and a two-hundred day simple moving average of $927.29. 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 company has a market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. 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 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COST shares. Wells Fargo & Company upped their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital upped their target price on 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. Finally, Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale has a consensus 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.