Pacer Advisors Inc. Sells 8,951 Shares of Costco Wholesale Co. (NASDAQ:COST)

Pacer Advisors Inc. trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,952 shares of the retailer’s stock after selling 8,951 shares during the quarter. Pacer Advisors Inc.’s holdings in Costco Wholesale were worth $53,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fermata Advisors LLC lifted its stake in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after acquiring an additional 11 shares during the last quarter. Sculati Wealth Management LLC increased its holdings in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC raised its position in Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the last quarter. Gill Capital Partners LLC boosted its stake in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of several recent research reports. 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 report on Thursday, December 5th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.7 %

NASDAQ:COST opened at $965.25 on Tuesday. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25. The company has a market cap of $428.47 billion, a PE ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a 50-day moving average of $951.57 and a 200-day moving average of $903.97.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale 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.