SJS Investment Consulting Inc. Sells 108 Shares of Costco Wholesale Co. (NASDAQ:COST)

SJS Investment Consulting Inc. reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 987 shares of the retailer’s stock after selling 108 shares during the quarter. SJS Investment Consulting Inc.’s holdings in Costco Wholesale were worth $904,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $58,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.3 %

Shares of Costco Wholesale stock opened at $939.68 on Friday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The business’s 50 day moving average is $951.57 and its 200-day moving average is $903.72. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.