Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,785 shares of the retailer’s stock after selling 222 shares during the period. Costco Wholesale comprises 1.5% of Secured Retirement Advisors LLC’s portfolio, making the stock its 12th largest position. Secured Retirement Advisors LLC’s holdings in Costco Wholesale were worth $2,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC grew its stake in Costco Wholesale by 33.6% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,058 shares of the retailer’s stock valued at $969,000 after purchasing an additional 266 shares in the last quarter. Allworth Financial LP grew its position in shares of Costco Wholesale by 65.2% during the fourth quarter. Allworth Financial LP now owns 52,703 shares of the retailer’s stock worth $49,788,000 after buying an additional 20,794 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Costco Wholesale by 15.8% in the fourth quarter. Principal Securities Inc. now owns 9,262 shares of the retailer’s stock worth $8,487,000 after buying an additional 1,263 shares during the last quarter. Centerpoint Advisory Group acquired a new stake in Costco Wholesale in the fourth quarter valued at $653,000. Finally, Palumbo Wealth Management LLC boosted its stake in Costco Wholesale by 6.2% during the 4th quarter. Palumbo Wealth Management LLC now owns 6,018 shares of the retailer’s stock valued at $5,514,000 after acquiring an additional 350 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Truist Financial upped their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,071.85 on Monday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The firm has a market capitalization of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. The firm has a 50-day moving average price of $969.49 and a 200 day moving average price of $923.13. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The company 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. 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.