C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Stock Position in Costco Wholesale Co. (NASDAQ:COST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,377 shares of the retailer’s stock after selling 40 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Costco Wholesale were worth $2,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $35,000. Barrett & Company Inc. raised its stake in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays lifted their target price 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. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.5 %

Shares of NASDAQ COST opened at $1,056.03 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 company has a market cap of $468.77 billion, a P/E ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The firm has a 50-day simple moving average of $972.43 and a two-hundred day simple moving average of $927.29.

Costco Wholesale Announces Dividend

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

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.