MeadowBrook Investment Advisors LLC Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

MeadowBrook Investment Advisors LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,462 shares of the retailer’s stock after selling 34 shares during the period. Costco Wholesale makes up about 2.8% of MeadowBrook Investment Advisors LLC’s portfolio, making the stock its 8th largest holding. MeadowBrook Investment Advisors LLC’s holdings in Costco Wholesale were worth $3,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TFB Advisors LLC lifted its position in shares of Costco Wholesale by 2.2% during the 4th quarter. TFB Advisors LLC now owns 1,096 shares of the retailer’s stock valued at $1,004,000 after acquiring an additional 24 shares during the period. Capital Advisors Inc. OK raised its stake in Costco Wholesale by 21.2% in the fourth quarter. Capital Advisors Inc. OK now owns 3,962 shares of the retailer’s stock valued at $3,630,000 after purchasing an additional 694 shares in the last quarter. Certuity LLC lifted its position in Costco Wholesale by 64.2% during the fourth quarter. Certuity LLC now owns 2,084 shares of the retailer’s stock worth $1,909,000 after purchasing an additional 815 shares during the period. Shade Tree Advisors LLC acquired a new stake in Costco Wholesale during the fourth quarter worth about $745,000. Finally, Wealth Advisors Northwest LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $470,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,065.12 on Thursday. The stock’s 50 day moving average is $964.53 and its 200 day moving average is $918.45. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,067.00. The firm has a market cap of $472.81 billion, a P/E ratio of 62.54, a P/E/G ratio of 6.26 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.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Barclays upped their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.