Game Plan Financial Advisors LLC Sells 66 Shares of Costco Wholesale Co. (NASDAQ:COST)

Game Plan Financial Advisors LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 6,060 shares of the retailer’s stock after selling 66 shares during the period. Costco Wholesale makes up approximately 2.6% of Game Plan Financial Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Game Plan Financial Advisors LLC’s holdings in Costco Wholesale were worth $5,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. International Assets Investment Management LLC increased its position in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Costco Wholesale by 55.7% during the fourth 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 in the last quarter. Pathway Financial Advisers LLC increased its position in shares of 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 acquiring an additional 338,489 shares in the last quarter. Finally, FMR LLC increased its position in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock 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 debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. The company’s 50 day simple moving average is $969.49 and its two-hundred day simple moving average is $923.13.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. 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.