Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,785 shares of the retailer’s stock after selling 222 shares during the quarter. Costco Wholesale accounts for about 1.5% of Secured Retirement Advisors LLC’s investment portfolio, making the stock its 12th largest position. Secured Retirement Advisors LLC’s holdings in Costco Wholesale were worth $2,552,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Collier Financial acquired a new position in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,071.85 on Monday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a fifty day simple moving average of $969.49 and a 200 day simple moving average of $923.13. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm 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. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Loop Capital raised their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Citigroup increased their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Roth Mkm boosted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price 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.