Costco Wholesale Co. (NASDAQ:COST) Position Decreased by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,789 shares of the retailer’s stock after selling 108 shares during the period. Costco Wholesale makes up approximately 2.6% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 10th biggest holding. Townsend Asset Management Corp NC ADV’s holdings in Costco Wholesale were worth $7,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Synergy Investment Management LLC purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $31,000. NewSquare Capital LLC lifted its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Finally, Collier Financial purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,047.75 on Thursday. The company has a 50-day simple moving average of $987.79 and a two-hundred day simple moving average of $941.75. 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 12-month low of $697.27 and a 12-month high of $1,078.24. The firm has a market cap of $465.10 billion, a price-to-earnings ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm 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. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday. Finally, Jefferies Financial Group upped 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 report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.