WealthShield Partners LLC Sells 80 Shares of Costco Wholesale Co. (NASDAQ:COST)

WealthShield Partners LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 4,178 shares of the retailer’s stock after selling 80 shares during the quarter. WealthShield Partners LLC’s holdings in Costco Wholesale were worth $3,829,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. AMF Tjanstepension AB acquired a new position in Costco Wholesale during the 3rd quarter valued at about $42,896,000. Swedbank AB increased its position in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after buying an additional 6,495 shares in the last quarter. Heritage Oak Wealth Advisors LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $650,000. Tarbox Family Office Inc. increased its position in Costco Wholesale by 20.0% during the 3rd quarter. Tarbox Family Office Inc. now owns 894 shares of the retailer’s stock valued at $793,000 after buying an additional 149 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in Costco Wholesale by 2.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,755 shares of the retailer’s stock valued at $3,329,000 after buying an additional 102 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,035.03 on Monday. The company has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The business’s 50 day moving average is $975.61 and its two-hundred day moving average is $932.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. 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.