O Brien Greene & Co. Inc Trims Position in Costco Wholesale Co. (NASDAQ:COST)

O Brien Greene & Co. Inc decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,586 shares of the retailer’s stock after selling 114 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Costco Wholesale were worth $3,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of COST. Citizens National Bank Trust Department increased its position in Costco Wholesale by 1.0% during the fourth quarter. Citizens National Bank Trust Department now owns 1,857 shares of the retailer’s stock worth $1,702,000 after purchasing an additional 19 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Costco Wholesale by 42.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 12,508 shares of the retailer’s stock worth $11,460,000 after purchasing an additional 3,711 shares during the last quarter. RW Investment Management LLC increased its position in Costco Wholesale by 21.3% during the fourth quarter. RW Investment Management LLC now owns 5,624 shares of the retailer’s stock worth $5,153,000 after purchasing an additional 989 shares during the last quarter. WealthBridge Capital Management LLC increased its position in Costco Wholesale by 5.5% during the fourth quarter. WealthBridge Capital Management LLC now owns 785 shares of the retailer’s stock worth $719,000 after purchasing an additional 41 shares during the last quarter. Finally, Wealth Alliance increased its position in Costco Wholesale by 6.2% during the fourth quarter. Wealth Alliance now owns 1,295 shares of the retailer’s stock worth $1,187,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on COST. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company increased their price objective on shares of 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 2.7 %

Costco Wholesale stock opened at $1,034.22 on Friday. The stock has a market cap of $459.09 billion, a price-to-earnings ratio of 60.73, a PEG ratio of 6.28 and a beta of 0.84. 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’s 50-day moving average price is $974.70 and its two-hundred day moving average price is $928.97. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale Company 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.