WealthPlan Investment Management LLC Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

WealthPlan Investment Management LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,033 shares of the retailer’s stock after selling 829 shares during the quarter. Costco Wholesale accounts for 1.5% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. WealthPlan Investment Management LLC’s holdings in Costco Wholesale were worth $15,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COST shares. TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Raymond James upped 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. UBS Group upped their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein assumed 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. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.5 %

Shares of NASDAQ COST opened at $1,071.85 on Friday. The stock’s 50 day moving average price is $969.49 and its two-hundred day moving average price is $922.35. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 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.