Carr Financial Group Corp Sells 24 Shares of Costco Wholesale Co. (NASDAQ:COST)

Carr Financial Group Corp lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 631 shares of the retailer’s stock after selling 24 shares during the quarter. Carr Financial Group Corp’s holdings in Costco Wholesale were worth $578,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in COST. Cottonwood Capital Advisors LLC boosted its position in Costco Wholesale by 21.7% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 471 shares of the retailer’s stock worth $432,000 after purchasing an additional 84 shares during the period. Midwest Financial Group LLC boosted its holdings in shares of Costco Wholesale by 131.7% during the 4th quarter. Midwest Financial Group LLC now owns 825 shares of the retailer’s stock worth $755,000 after buying an additional 469 shares during the period. Berbice Capital Management LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $4,073,000. Impact Partnership Wealth LLC bought a new position in Costco Wholesale in the 4th quarter worth $258,000. Finally, Southland Equity Partners LLC lifted its position in Costco Wholesale by 4.1% during the 4th quarter. Southland Equity Partners LLC now owns 631 shares of the retailer’s stock worth $578,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. DA Davidson boosted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

COST opened at $939.68 on Friday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The firm has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The firm’s 50-day simple moving average is $951.57 and its 200-day simple moving average is $903.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 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.