WealthPLAN Partners LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

WealthPLAN Partners LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,802 shares of the retailer's stock after selling 887 shares during the quarter. Costco Wholesale accounts for 1.4% of WealthPLAN Partners LLC's portfolio, making the stock its 14th biggest holding. WealthPLAN Partners LLC's holdings in Costco Wholesale were worth $9,897,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter worth approximately $33,000. Collier Financial purchased a new position in Costco Wholesale during the 4th quarter worth $35,000. Barrett & Company Inc. raised its position 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 purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $41,000. Institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COST. TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Oppenheimer reissued an "outperform" rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price objective 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. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

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Costco Wholesale Stock Performance

NASDAQ:COST traded up $6.51 during midday trading on Wednesday, hitting $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. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. 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 firm has a market cap of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84. The firm's 50 day moving average is $972.43 and its 200-day moving average is $927.29.

Costco Wholesale Dividend Announcement

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

About Costco Wholesale

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.