Invera Wealth Advisors LLC Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Invera Wealth Advisors LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,759 shares of the retailer’s stock after selling 136 shares during the quarter. Costco Wholesale makes up 1.6% of Invera Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest position. Invera Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,658,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. raised its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth $41,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on COST shares. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,062.54 on Thursday. The stock’s 50 day moving average price is $973.78 and its 200 day moving average price is $928.24. The firm has a market capitalization of $471.66 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6.28 and a beta of 0.84. 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 Co. has a one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

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 $1.16 dividend. 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 payout ratio is 27.25%.

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.