CapWealth Advisors LLC Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

CapWealth Advisors LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,834 shares of the retailer's stock after selling 667 shares during the quarter. Costco Wholesale comprises about 2.1% of CapWealth Advisors LLC's investment portfolio, making the stock its 23rd biggest position. CapWealth Advisors LLC's holdings in Costco Wholesale were worth $19,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter valued at $41,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.6 %

Costco Wholesale stock traded up $6.51 during midday trading on Wednesday, reaching $1,062.54. The company's stock had a trading volume of 1,346,846 shares, compared to its average volume of 1,906,059. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $471.66 billion, a P/E ratio of 62.39, a PEG ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock's 50-day simple moving average is $972.43 and its 200-day simple moving average is $927.29.

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Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on COST shares. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Friday, December 13th. Oppenheimer reissued an "outperform" rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Loop Capital raised 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 research report on Friday, December 13th. Roth Mkm boosted 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, TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

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.