CCG Wealth Management LLC Has $813,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

CCG Wealth Management LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 888 shares of the retailer’s stock after selling 31 shares during the period. CCG Wealth Management LLC’s holdings in Costco Wholesale were worth $813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. International Assets Investment Management LLC boosted its holdings in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the period. Assenagon Asset Management S.A. boosted its position in Costco Wholesale by 55.7% during 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 boosted its holdings in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after purchasing an additional 338,489 shares during the last quarter. FMR LLC grew its holdings in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on COST shares. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Robert W. Baird boosted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.6 %

NASDAQ:COST opened at $1,005.83 on Tuesday. The company’s 50-day simple moving average is $954.51 and its 200 day simple moving average is $908.28. The firm has a market capitalization of $446.49 billion, a P/E ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,009.61. 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.46%. 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.