Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,184 shares of the retailer’s stock after selling 11 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Costco Wholesale were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. MONECO Advisors LLC lifted its stake in Costco Wholesale by 2.2% during the fourth quarter. MONECO Advisors LLC now owns 2,871 shares of the retailer’s stock valued at $2,631,000 after buying an additional 63 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Costco Wholesale by 1.4% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 7,395 shares of the retailer’s stock valued at $6,776,000 after buying an additional 100 shares in the last quarter. Lansing Street Advisors lifted its stake in Costco Wholesale by 23.9% during the fourth quarter. Lansing Street Advisors now owns 420 shares of the retailer’s stock valued at $385,000 after buying an additional 81 shares in the last quarter. Howard Capital Management Inc. lifted its stake in Costco Wholesale by 7.2% during the fourth quarter. Howard Capital Management Inc. now owns 17,640 shares of the retailer’s stock valued at $16,163,000 after buying an additional 1,187 shares in the last quarter. Finally, Integral Investment Advisors Inc. lifted its stake in Costco Wholesale by 5.1% during the fourth quarter. Integral Investment Advisors Inc. now owns 2,672 shares of the retailer’s stock valued at $2,449,000 after buying an additional 130 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. DA Davidson upped their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Wells Fargo & Company upped their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The business has a 50 day moving average of $975.61 and a 200-day moving average of $931.39.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.