Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,683 shares of the retailer’s stock after selling 2,296 shares during the period. Costco Wholesale makes up approximately 0.8% of Amalgamated Bank’s investment portfolio, making the stock its 14th biggest position. Amalgamated Bank’s holdings in Costco Wholesale were worth $98,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,035.60 on Tuesday. The firm has a market cap of $459.70 billion, a P/E ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The stock’s 50-day moving average is $976.47 and its two-hundred day moving average is $933.62. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on COST shares. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Morgan Stanley lifted their price target 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. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, DA Davidson upped their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.