SC&H Financial Advisors Inc. Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

SC&H Financial Advisors Inc. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,673 shares of the retailer’s stock after selling 50 shares during the period. SC&H Financial Advisors Inc.’s holdings in Costco Wholesale were worth $2,449,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth $33,000. Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the 4th quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $55,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

COST stock opened at $1,043.81 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. The firm’s fifty day moving average is $961.27 and its 200 day moving average is $914.00. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently issued reports on COST shares. UBS Group boosted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup boosted their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average 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.