Kavar Capital Partners Group LLC Sells 15 Shares of Costco Wholesale Co. (NASDAQ:COST)

Kavar Capital Partners Group LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,679 shares of the retailer’s stock after selling 15 shares during the period. Kavar Capital Partners Group LLC’s holdings in Costco Wholesale were worth $1,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COST. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.7 %

Shares of NASDAQ COST opened at $958.67 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $425.55 billion, a PE ratio of 56.29, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25. The business’s fifty day moving average price is $952.49 and its 200-day moving average price is $904.81.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.