Meadow Creek Wealth Advisors LLC Sells 246 Shares of Costco Wholesale Co. (NASDAQ:COST)

Meadow Creek Wealth Advisors LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,387 shares of the retailer’s stock after selling 246 shares during the quarter. Costco Wholesale accounts for approximately 0.9% of Meadow Creek Wealth Advisors LLC’s portfolio, making the stock its 25th largest holding. Meadow Creek Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,271,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Hudson Value Partners LLC grew its stake in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the third quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $8,430,000. Finally, GAMMA Investing LLC grew its stake in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday. Barclays increased their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

COST stock opened at $1,050.99 on Friday. The firm has a 50 day moving average price of $958.04 and a 200-day moving average price of $911.67. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00. The firm has a market capitalization of $466.53 billion, a price-to-earnings ratio of 61.71, a PEG ratio of 5.84 and a beta of 0.84. 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 firm also recently announced 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is 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.