Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,470 shares of the retailer’s stock after selling 155 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Costco Wholesale were worth $9,593,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD acquired a new position in shares of Costco Wholesale during the 2nd quarter worth $4,226,000. Abound Wealth Management boosted its holdings in Costco Wholesale by 3.5% during the second quarter. Abound Wealth Management now owns 743 shares of the retailer’s stock worth $631,000 after buying an additional 25 shares in the last quarter. Black Diamond Financial LLC grew its position in Costco Wholesale by 53.4% during the second quarter. Black Diamond Financial LLC now owns 557 shares of the retailer’s stock worth $474,000 after buying an additional 194 shares during the period. Dimensional Fund Advisors LP increased its holdings in Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after buying an additional 338,780 shares in the last quarter. Finally, One Capital Management LLC lifted its position in shares of Costco Wholesale by 36.5% during the 2nd quarter. One Capital Management LLC now owns 11,696 shares of the retailer’s stock valued at $9,941,000 after acquiring an additional 3,130 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.3 %

Shares of COST opened at $924.70 on Tuesday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The firm has a market capitalization of $410.47 billion, a P/E ratio of 54.30, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $948.69 and its 200 day simple moving average is $899.73.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COST. BMO Capital Markets upped their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Company 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.