Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,828 shares of the retailer’s stock after selling 133 shares during the quarter. Costco Wholesale accounts for about 1.2% of Tiemann Investment Advisors LLC’s portfolio, making the stock its 17th largest holding. Tiemann Investment Advisors LLC’s holdings in Costco Wholesale were worth $2,591,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tower Wealth Partners Inc. grew its holdings in shares of Costco Wholesale by 6.3% during the fourth quarter. Tower Wealth Partners Inc. now owns 423 shares of the retailer’s stock worth $388,000 after buying an additional 25 shares in the last quarter. Gallagher Capital Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $3,718,000. Daiwa Securities Group Inc. increased its stake in Costco Wholesale by 4.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 110,094 shares of the retailer’s stock worth $100,876,000 after purchasing an additional 4,473 shares during the period. Moran Wealth Management LLC lifted its holdings in Costco Wholesale by 18.5% during the 4th quarter. Moran Wealth Management LLC now owns 12,205 shares of the retailer’s stock worth $11,183,000 after buying an additional 1,908 shares in the last quarter. Finally, Main Street Research LLC increased its holdings in Costco Wholesale by 4.2% during the 4th quarter. Main Street Research LLC now owns 61,292 shares of the retailer’s stock worth $56,160,000 after purchasing an additional 2,472 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 6.1 %

Shares of NASDAQ:COST opened at $964.31 on Monday. The company has a market capitalization of $428.06 billion, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a 50 day moving average of $989.69 and a two-hundred day moving average of $943.88. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. 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 (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. As a group, analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Wall Street Analyst Weigh In

COST has been the topic of several recent analyst reports. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.