Atria Wealth Solutions Inc. Sells 4,063 Shares of Costco Wholesale Co. (NASDAQ:COST)

Atria Wealth Solutions Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,762 shares of the retailer's stock after selling 4,063 shares during the period. Atria Wealth Solutions Inc.'s holdings in Costco Wholesale were worth $46,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new position in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. lifted its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $41,000. Institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COST shares. Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a "neutral" rating in a research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST traded down $8.32 during trading hours on Friday, hitting $1,026.51. 621,706 shares of the stock traded hands, compared to its average volume of 1,870,614. The company has a market cap of $455.67 billion, a price-to-earnings ratio of 60.27, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a 50 day moving average price of $974.70 and a 200 day moving average price of $928.97. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's dividend payout ratio (DPR) is 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.