Live Oak Private Wealth LLC Sells 20 Shares of Costco Wholesale Co. (NASDAQ:COST)

Live Oak Private Wealth LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 919 shares of the retailer’s stock after selling 20 shares during the period. Live Oak Private Wealth LLC’s holdings in Costco Wholesale were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the fourth quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale during the fourth quarter valued at $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COST. Truist Financial lifted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Loop Capital lifted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective 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. Finally, BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,043.81 on Friday. 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 50-day moving average of $959.83 and a 200-day moving average of $912.64. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given 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 is currently 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.