Exencial Wealth Advisors LLC Sells 492 Shares of Costco Wholesale Co. (NASDAQ:COST)

Exencial Wealth Advisors LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,677 shares of the retailer’s stock after selling 492 shares during the quarter. Costco Wholesale accounts for approximately 0.8% of Exencial Wealth Advisors LLC’s holdings, making the stock its 25th biggest holding. Exencial Wealth Advisors LLC’s holdings in Costco Wholesale were worth $21,695,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AMJ Financial Wealth Management raised its holdings in shares of Costco Wholesale by 2.6% in the 4th quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer’s stock worth $9,654,000 after buying an additional 270 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Costco Wholesale by 16.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,065 shares of the retailer’s stock valued at $6,473,000 after acquiring an additional 1,008 shares during the period. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $31,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Costco Wholesale by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,899,904 shares of the retailer’s stock valued at $2,657,095,000 after acquiring an additional 91,649 shares during the period. Finally, Tacita Capital Inc boosted its stake in shares of Costco Wholesale by 6.9% in the 4th quarter. Tacita Capital Inc now owns 404 shares of the retailer’s stock valued at $370,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.2 %

NASDAQ:COST opened at $1,046.85 on Tuesday. The firm has a market capitalization of $464.70 billion, a price-to-earnings ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The stock’s 50 day moving average price is $984.45 and its two-hundred day moving average price is $939.83.

Costco Wholesale Announces Dividend

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

Costco Wholesale 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.