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

WESPAC Advisors LLC cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,933 shares of the retailer’s stock after selling 20 shares during the quarter. Costco Wholesale comprises approximately 1.3% of WESPAC Advisors LLC’s investment portfolio, making the stock its 14th biggest position. WESPAC Advisors LLC’s holdings in Costco Wholesale were worth $1,771,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Integral Investment Advisors Inc. increased its holdings in shares of Costco Wholesale by 5.1% during the 4th quarter. Integral Investment Advisors Inc. now owns 2,672 shares of the retailer’s stock worth $2,449,000 after buying an additional 130 shares during the last quarter. Tradewinds Capital Management LLC grew its position in Costco Wholesale by 3.2% in the fourth quarter. Tradewinds Capital Management LLC now owns 1,559 shares of the retailer’s stock worth $1,429,000 after acquiring an additional 48 shares during the period. Marshall Investment Management LLC purchased a new position in Costco Wholesale in the fourth quarter worth approximately $70,000. LWM Advisory Services LLC increased its stake in Costco Wholesale by 3.0% during the fourth quarter. LWM Advisory Services LLC now owns 553 shares of the retailer’s stock worth $505,000 after acquiring an additional 16 shares during the last quarter. Finally, ST. Nicholas Private Asset Management Inc. purchased a new stake in Costco Wholesale in the fourth quarter valued at $2,567,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.0 %

Costco Wholesale stock opened at $1,035.03 on Friday. The stock’s fifty day moving average is $975.61 and its two-hundred day moving average is $931.39. The stock has a market cap of $459.45 billion, a PE ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. Jefferies Financial Group raised their price objective on 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. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.