Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,038 shares of the retailer’s stock after selling 199 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Costco Wholesale were worth $1,867,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale in the fourth quarter worth about $31,000. NewSquare Capital LLC raised its position in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale in the fourth quarter worth about $35,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. BMO Capital Markets boosted 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 report on Friday, December 13th. Citigroup boosted their price target 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. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 1.0 %

NASDAQ:COST opened at $1,047.75 on Thursday. The stock has a market cap of $465.10 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The stock’s 50-day moving average is $987.79 and its two-hundred day moving average is $941.75. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

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

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.