Delap Wealth Advisory LLC Has $1.09 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Delap Wealth Advisory LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,184 shares of the retailer’s stock after selling 11 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Costco Wholesale were worth $1,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter worth about $35,000. Barrett & Company Inc. increased its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter worth about $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 0.0 %

NASDAQ:COST opened at $1,035.03 on Friday. The firm has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The stock’s 50 day moving average price is $975.61 and its two-hundred day moving average price is $931.39. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is presently 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.