Freestone Capital Holdings LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Freestone Capital Holdings LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,166 shares of the retailer’s stock after selling 908 shares during the period. Costco Wholesale comprises approximately 1.2% of Freestone Capital Holdings LLC’s portfolio, making the stock its 16th largest position. Freestone Capital Holdings LLC’s holdings in Costco Wholesale were worth $35,887,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its stake in shares of Costco Wholesale by 74,796.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares during the last quarter. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $157,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $1,047.75 on Thursday. The company has a market capitalization of $465.10 billion, a P/E ratio of 61.52, 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. The firm has a 50 day moving average of $987.79 and a 200 day moving average of $941.75. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

COST has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased 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. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday. Finally, Jefferies Financial Group increased 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. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.