Private Wealth Partners LLC Trims Position in Costco Wholesale Co. (NASDAQ:COST)

Private Wealth Partners LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,093 shares of the retailer’s stock after selling 1,543 shares during the period. Costco Wholesale makes up approximately 2.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 11th biggest position. Private Wealth Partners LLC’s holdings in Costco Wholesale were worth $31,239,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of COST. TBH Global Asset Management LLC raised its holdings in Costco Wholesale by 0.7% during the fourth quarter. TBH Global Asset Management LLC now owns 5,270 shares of the retailer’s stock valued at $4,829,000 after acquiring an additional 38 shares during the period. Bryn Mawr Capital Management LLC raised its stake in Costco Wholesale by 59.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 9,521 shares of the retailer’s stock valued at $8,724,000 after purchasing an additional 3,534 shares during the period. Private Advisor Group LLC raised its stake in Costco Wholesale by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 69,695 shares of the retailer’s stock valued at $63,859,000 after purchasing an additional 4,315 shares during the period. Good Life Advisors LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $8,104,000. Finally, Financial Perspectives Inc grew its holdings in Costco Wholesale by 5.2% during the 4th quarter. Financial Perspectives Inc now owns 815 shares of the retailer’s stock valued at $747,000 after buying an additional 40 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.6 %

Shares of NASDAQ COST opened at $1,062.54 on Thursday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 company has a market cap of $471.66 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 6.37 and a beta of 0.84. The business’s 50 day moving average price is $973.78 and its 200-day moving average price is $928.24.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.