Legacy Capital Wealth Partners LLC Sells 460 Shares of Costco Wholesale Co. (NASDAQ:COST)

Legacy Capital Wealth Partners LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 39.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 695 shares of the retailer’s stock after selling 460 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Costco Wholesale were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of COST. AMF Tjanstepension AB bought a new position in shares of Costco Wholesale during the 3rd quarter worth $42,896,000. Swedbank AB grew its stake in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the period. Inspire Advisors LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $214,000. Clarity Wealth Advisors LLC grew its stake in shares of Costco Wholesale by 1.2% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 11,327 shares of the retailer’s stock worth $10,041,000 after acquiring an additional 131 shares during the period. Finally, Cahaba Wealth Management Inc. grew its stake in shares of Costco Wholesale by 7.1% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 1,386 shares of the retailer’s stock worth $1,229,000 after acquiring an additional 92 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,071.85 on Monday. The stock’s 50-day moving average is $969.49 and its 200 day moving average is $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. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

COST has been the subject of several research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Barclays increased their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

About Costco Wholesale

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.