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

Westover Capital Advisors LLC decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,863 shares of the retailer’s stock after selling 144 shares during the quarter. Costco Wholesale makes up 1.6% of Westover Capital Advisors LLC’s holdings, making the stock its 15th biggest position. Westover Capital Advisors LLC’s holdings in Costco Wholesale were worth $7,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Ring Mountain Capital LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $330,000. Kapstone Financial Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $1,047,000. AMJ Financial Wealth Management boosted its position in Costco Wholesale by 2.6% during the fourth quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer’s stock worth $9,654,000 after acquiring an additional 270 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Costco Wholesale by 16.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,065 shares of the retailer’s stock worth $6,473,000 after acquiring an additional 1,008 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COST. Loop Capital boosted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. DA Davidson boosted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price target 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. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Shares of COST opened at $1,046.85 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The firm’s 50 day moving average price is $984.45 and its 200 day moving average price is $939.83. The company has a market cap of $464.70 billion, a P/E ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84. 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 Announces Dividend

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 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

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.