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

Oxbow Advisors LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,817 shares of the retailer’s stock after selling 72 shares during the period. Oxbow Advisors LLC’s holdings in Costco Wholesale were worth $2,581,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. lifted its position in shares of Costco Wholesale by 59.3% during the fourth 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 position in shares of Costco Wholesale during the fourth quarter worth $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Citigroup boosted their target price 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. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,035.03 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a price-to-earnings-growth ratio of 6.15 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. The firm has a fifty day moving average of $975.61 and a 200-day moving average of $930.59.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.