Jag Capital Management LLC Sells 14,698 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jag Capital Management LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 52.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,179 shares of the retailer’s stock after selling 14,698 shares during the period. Costco Wholesale comprises approximately 1.7% of Jag Capital Management LLC’s portfolio, making the stock its 23rd biggest holding. Jag Capital Management LLC’s holdings in Costco Wholesale were worth $12,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cromwell Holdings LLC grew its holdings 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 worth $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC grew its holdings in shares of 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 during the last quarter. SRN Advisors LLC grew its holdings in shares of 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 during the last quarter. Sculati Wealth Management LLC grew its holdings in shares of 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 during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of 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 during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,046.85 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The business has a 50-day simple moving average of $984.45 and a two-hundred day simple moving average of $939.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.