Requisite Capital Management LLC Sells 100 Shares of Costco Wholesale Co. (NASDAQ:COST)

Requisite Capital Management LLC reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 506 shares of the retailer’s stock after selling 100 shares during the period. Requisite Capital Management LLC’s holdings in Costco Wholesale were worth $464,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in COST. Sunbelt Securities Inc. lifted its position in shares of Costco Wholesale by 3.1% in the second quarter. Sunbelt Securities Inc. now owns 6,172 shares of the retailer’s stock worth $5,246,000 after buying an additional 186 shares in the last quarter. Invst LLC raised its position in Costco Wholesale by 6.5% during the second quarter. Invst LLC now owns 3,581 shares of the retailer’s stock valued at $3,028,000 after purchasing an additional 219 shares during the period. Gateway Wealth Partners LLC raised its position in Costco Wholesale by 5.8% during the second quarter. Gateway Wealth Partners LLC now owns 802 shares of the retailer’s stock valued at $682,000 after purchasing an additional 44 shares during the period. Kimelman & Baird LLC purchased a new stake in Costco Wholesale during the second quarter valued at approximately $55,508,000. Finally, HWG Holdings LP purchased a new stake in Costco Wholesale during the second quarter valued at approximately $4,728,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup upped 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. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $965.25 on Tuesday. The firm has a market capitalization of $428.47 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 5.63 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 business has a fifty day moving average of $951.57 and a 200 day moving average of $903.97. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Costco Wholesale 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.