Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lessened by Encompass Wealth Advisors LLC

Encompass Wealth Advisors LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 30.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,335 shares of the retailer’s stock after selling 2,327 shares during the period. Costco Wholesale comprises approximately 2.0% of Encompass Wealth Advisors LLC’s holdings, making the stock its 11th biggest position. Encompass Wealth Advisors LLC’s holdings in Costco Wholesale were worth $4,888,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $42,896,000. Tobam grew its stake in Costco Wholesale by 22.8% during the 3rd quarter. Tobam now owns 453 shares of the retailer’s stock worth $402,000 after buying an additional 84 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in Costco Wholesale by 12.6% in the third quarter. Pinnacle Bancorp Inc. now owns 5,639 shares of the retailer’s stock worth $4,999,000 after buying an additional 631 shares during the period. Contravisory Investment Management Inc. lifted its stake in Costco Wholesale by 0.5% in the third quarter. Contravisory Investment Management Inc. now owns 11,116 shares of the retailer’s stock valued at $9,855,000 after buying an additional 57 shares during the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at $1,915,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Evercore ISI increased their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of NASDAQ:COST opened at $1,043.81 on Friday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. 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 $463.35 billion, a PE ratio of 61.29, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The firm has a 50 day simple moving average of $959.83 and a 200 day simple moving average of $912.64.

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 $1.16 dividend. 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 presently 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.