Regency Capital Management Inc. DE Has $14.24 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Regency Capital Management Inc. DE cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,546 shares of the retailer’s stock after selling 18 shares during the quarter. Costco Wholesale accounts for about 7.7% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 2nd largest holding. Regency Capital Management Inc. DE’s holdings in Costco Wholesale were worth $14,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

COST opened at $939.68 on Monday. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $951.57 and its 200 day moving average is $903.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COST. Evercore ISI raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Truist Financial raised their target price 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. Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale 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.