Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Decreased by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,828 shares of the retailer’s stock after selling 133 shares during the quarter. Costco Wholesale accounts for about 1.2% of Tiemann Investment Advisors LLC’s holdings, making the stock its 17th biggest holding. Tiemann Investment Advisors LLC’s holdings in Costco Wholesale were worth $2,591,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in Costco Wholesale by 74,796.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock worth $1,394,465,000 after buying an additional 1,519,861 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Costco Wholesale by 100,422.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after purchasing an additional 382,367 shares during the last quarter. FMR LLC boosted its holdings in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. Finally, Amundi increased its stake in Costco Wholesale by 11.2% during the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock valued at $2,132,519,000 after purchasing an additional 231,969 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 6.1 %

Shares of NASDAQ:COST opened at $964.31 on Monday. The stock has a market capitalization of $428.06 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a 50 day moving average price of $989.69 and a 200 day moving average price of $943.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its earnings results 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 return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s payout ratio is presently 27.09%.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, March 3rd. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Raymond James boosted their price objective 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. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,029.00.

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.