Scott & Selber Inc. Sells 59 Shares of Costco Wholesale Co. (NASDAQ:COST)

Scott & Selber Inc. lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,423 shares of the retailer’s stock after selling 59 shares during the quarter. Scott & Selber Inc.’s holdings in Costco Wholesale were worth $2,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares during the last quarter. FMR LLC grew its position in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the period. Finally, Life Planning Partners Inc bought a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $157,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Loop Capital raised their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Robert W. Baird upped their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ:COST opened at $1,046.85 on Tuesday. The stock has a market capitalization of $464.70 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company’s 50-day moving average price is $984.45 and its two-hundred day moving average price is $939.83. 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 Co. has a one year low of $697.27 and a one year high of $1,078.24.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors 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 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.