Golden Road Advisors LLC Trims Position in Costco Wholesale Co. (NASDAQ:COST)

Golden Road Advisors LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 219 shares of the retailer’s stock after selling 31 shares during the period. Golden Road Advisors LLC’s holdings in Costco Wholesale were worth $201,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Costco Wholesale by 5.9% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 3,256 shares of the retailer’s stock valued at $2,984,000 after buying an additional 181 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its stake in shares of Costco Wholesale by 1.9% during the fourth quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 2,700 shares of the retailer’s stock valued at $2,474,000 after buying an additional 50 shares during the period. Walter & Keenan Wealth Management LLC IN ADV lifted its stake in shares of Costco Wholesale by 0.6% during the fourth quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 2,415 shares of the retailer’s stock valued at $2,213,000 after buying an additional 14 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 14.9% during the fourth quarter. Soltis Investment Advisors LLC now owns 3,158 shares of the retailer’s stock valued at $2,894,000 after buying an additional 410 shares during the period. Finally, Quilter Plc purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $283,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Raymond James increased their price objective 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. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 1.7 %

Costco Wholesale stock opened at $1,061.92 on Tuesday. The firm’s 50-day moving average is $961.27 and its 200-day moving average is $915.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The company has a market cap of $471.39 billion, a P/E ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.