Wagner Wealth Management LLC Sells 12 Shares of Costco Wholesale Co. (NASDAQ:COST)

Wagner Wealth Management LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 318 shares of the retailer’s stock after selling 12 shares during the quarter. Wagner Wealth Management LLC’s holdings in Costco Wholesale were worth $292,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter worth about $33,000. Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $55,000. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on COST. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company raised 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 report on Friday, December 13th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 1.7 %

Costco Wholesale stock opened at $1,061.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00. The firm has a 50 day moving average price of $961.27 and a two-hundred day moving average price of $915.02. The firm has a market cap of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business 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. The ex-dividend date of this dividend 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.