Costco Wholesale Co. (NASDAQ:COST) Stock Position Decreased by CapWealth Advisors LLC

CapWealth Advisors LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,834 shares of the retailer’s stock after selling 667 shares during the period. Costco Wholesale accounts for approximately 2.1% of CapWealth Advisors LLC’s holdings, 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 SEC filing.

Other institutional investors have also modified their holdings of the company. Sculati Wealth Management LLC lifted its stake in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after acquiring an additional 11 shares during the period. Gill Capital Partners LLC lifted its stake in shares of Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 11 shares during the period. Scott Capital Advisors LLC lifted its stake in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after acquiring an additional 11 shares during the period. Finally, Lantz Financial LLC lifted its stake in shares of Costco Wholesale by 1.7% in the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after acquiring an additional 11 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

COST stock opened at $1,071.85 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The company has a 50 day moving average of $969.49 and a two-hundred day moving average of $922.35.

Costco Wholesale Announces Dividend

The business 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 $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on COST shares. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Loop Capital increased 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 research note on Friday, December 13th. TD Cowen increased their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Evercore ISI increased their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, Stifel Nicolaus increased their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.