Costco Wholesale Co. (NASDAQ:COST) is Cerro Pacific Wealth Advisors LLC’s 8th Largest Position

Cerro Pacific Wealth Advisors LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,166 shares of the retailer’s stock after selling 77 shares during the quarter. Costco Wholesale makes up about 2.4% of Cerro Pacific Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. Cerro Pacific Wealth Advisors LLC’s holdings in Costco Wholesale were worth $7,239,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on COST shares. DA Davidson increased their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus upped their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $939.68 on Friday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. 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 firm has a 50-day moving average of $950.92 and a two-hundred day moving average of $903.31. The company has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio 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.