Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Pettyjohn Wood & White Inc.

Pettyjohn Wood & White Inc. reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 850 shares of the retailer’s stock after selling 11 shares during the period. Pettyjohn Wood & White Inc.’s holdings in Costco Wholesale were worth $779,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial acquired a new stake in Costco Wholesale during the 4th quarter valued at $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the 4th quarter worth $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of COST opened at $1,021.71 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The stock has a market capitalization of $453.54 billion, a P/E ratio of 59.99, a P/E/G ratio of 6.15 and a beta of 0.84. The firm’s 50 day moving average is $980.62 and its 200-day moving average is $936.31. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Roth Mkm boosted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.