Guyasuta Investment Advisors Inc. Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Guyasuta Investment Advisors Inc. cut its position in Costco Wholesale Co. (NASDAQ:COST) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,882 shares of the retailer’s stock after selling 602 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Costco Wholesale were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of COST. Aveo Capital Partners LLC grew its position in shares of Costco Wholesale by 44.1% in the 4th quarter. Aveo Capital Partners LLC now owns 1,677 shares of the retailer’s stock valued at $1,537,000 after buying an additional 513 shares during the last quarter. Howard Wealth Management LLC grew its position in shares of Costco Wholesale by 154.7% in the 4th quarter. Howard Wealth Management LLC now owns 1,118 shares of the retailer’s stock valued at $1,025,000 after buying an additional 679 shares during the last quarter. BXM Wealth LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $1,213,000. Spinnaker Trust grew its position in shares of Costco Wholesale by 0.5% in the 4th quarter. Spinnaker Trust now owns 7,532 shares of the retailer’s stock valued at $6,901,000 after buying an additional 41 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its position in shares of Costco Wholesale by 5.5% in the 4th quarter. Center for Financial Planning Inc. now owns 328 shares of the retailer’s stock valued at $301,000 after buying an additional 17 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,071.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $969.49 and a two-hundred day moving average price of $922.35. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 yield of 0.43%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on COST. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.