Duncker Streett & Co. Inc. Has $11.65 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Duncker Streett & Co. Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,712 shares of the retailer’s stock after selling 106 shares during the period. Costco Wholesale comprises 2.2% of Duncker Streett & Co. Inc.’s portfolio, making the stock its 10th biggest holding. Duncker Streett & Co. Inc.’s holdings in Costco Wholesale were worth $11,647,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Cromwell Holdings LLC lifted its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares during the period. 44 Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares in the last quarter. SRN Advisors LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after purchasing an additional 10 shares in the last quarter. Sculati Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

COST opened at $1,048.61 on Friday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The stock has a market capitalization of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s 50 day simple moving average is $982.51 and its 200-day simple moving average is $938.10.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

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.