WealthShield Partners LLC Sells 80 Shares of Costco Wholesale Co. (NASDAQ:COST)

WealthShield Partners LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,178 shares of the retailer’s stock after selling 80 shares during the quarter. WealthShield Partners LLC’s holdings in Costco Wholesale were worth $3,829,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in COST. Strategic Financial Concepts LLC increased its stake in Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after acquiring an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after acquiring an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after acquiring an additional 338,489 shares during the last quarter. FMR LLC increased its stake in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in Costco Wholesale in the 4th quarter worth approximately $157,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of research reports. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, BMO Capital Markets lifted their target price 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,035.03 on Monday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The stock has a fifty day simple moving average of $975.61 and a two-hundred day simple moving average of $932.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

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.