Bigelow Investment Advisors LLC Sells 110 Shares of Costco Wholesale Co. (NASDAQ:COST)

Bigelow Investment Advisors LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 672 shares of the retailer’s stock after selling 110 shares during the period. Bigelow Investment Advisors LLC’s holdings in Costco Wholesale were worth $616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 1.5 %

Shares of COST opened at $1,056.03 on Wednesday. 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 Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The firm has a market capitalization of $468.77 billion, a PE ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The stock’s fifty day simple moving average is $972.43 and its 200-day simple moving average is $927.29.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COST shares. Loop Capital upped their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Raymond James upped their price target 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 price target 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. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Company 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.