Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,217 shares of the retailer’s stock after selling 219 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Costco Wholesale were worth $23,106,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COST. Geode Capital Management LLC grew its holdings in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. FMR LLC boosted its stake in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares during the period. International Assets Investment Management LLC increased its position in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after acquiring an additional 7,364,453 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after acquiring an additional 88,550 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after acquiring an additional 125,444 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COST. Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. TD Cowen raised 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. Roth Mkm boosted 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. Finally, Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of COST opened at $942.16 on Friday. The firm has a fifty day moving average price of $950.56 and a 200 day moving average price of $903.04. The stock has a market cap of $418.22 billion, a PE ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

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 given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

About Costco Wholesale

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.