Geneos Wealth Management Inc. Has $9.23 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Geneos Wealth Management Inc. lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 10,070 shares of the retailer’s stock after selling 479 shares during the period. Geneos Wealth Management Inc.’s holdings in Costco Wholesale were worth $9,227,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COST. Accel Wealth Management boosted its holdings in shares of Costco Wholesale by 1.8% in the fourth quarter. Accel Wealth Management now owns 695 shares of the retailer’s stock valued at $637,000 after buying an additional 12 shares during the period. DGS Capital Management LLC increased its holdings in Costco Wholesale by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 775 shares of the retailer’s stock worth $710,000 after purchasing an additional 19 shares in the last quarter. Bennett Selby Investments LP raised its stake in shares of Costco Wholesale by 2.8% in the 4th quarter. Bennett Selby Investments LP now owns 944 shares of the retailer’s stock valued at $865,000 after purchasing an additional 26 shares during the period. Cottonwood Capital Advisors LLC lifted its holdings in shares of Costco Wholesale by 21.7% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 471 shares of the retailer’s stock valued at $432,000 after purchasing an additional 84 shares in the last quarter. Finally, Midwest Financial Group LLC boosted its position in shares of Costco Wholesale by 131.7% during the fourth quarter. Midwest Financial Group LLC now owns 825 shares of the retailer’s stock worth $755,000 after buying an additional 469 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COST shares. Loop Capital lifted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Evercore ISI raised their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $939.68 on Friday. The business has a fifty day moving average price of $951.57 and a two-hundred day moving average price of $903.72. The stock has a market capitalization of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. 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 0.49%. Costco Wholesale’s payout ratio is 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.