Vestmark Advisory Solutions Inc. Sells 70 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vestmark Advisory Solutions Inc. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 4,974 shares of the retailer’s stock after selling 70 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Costco Wholesale were worth $4,558,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Synergy Investment Management LLC bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $31,000. NewSquare Capital LLC boosted its position in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $33,000. Finally, Collier Financial purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $1,026.62 on Friday. The firm has a market cap of $455.72 billion, a PE ratio of 60.28, a P/E/G ratio of 6.15 and a beta of 0.84. 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 fifty day simple moving average of $989.20 and a two-hundred day simple moving average of $942.33. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. On average, equities analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given 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 was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

Several research firms have recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday. Raymond James lifted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Loop Capital lifted 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 report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price 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.