Monument Capital Management Cuts Position in Costco Wholesale Co. (NASDAQ:COST)

Monument Capital Management lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 823 shares of the retailer’s stock after selling 18 shares during the period. Monument Capital Management’s holdings in Costco Wholesale were worth $754,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter worth about $35,000. Barrett & Company Inc. increased its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COST shares. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus raised their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. UBS Group boosted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock opened at $1,071.85 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a fifty day moving average of $969.49 and a 200-day moving average of $923.13. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 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.