Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 991 shares of the retailer’s stock after selling 23 shares during the quarter. Wealthstream Advisors Inc.’s holdings in Costco Wholesale were worth $908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Hudson Value Partners LLC grew its stake in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the period. Nwam LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the 4th quarter worth $8,430,000. Finally, GAMMA Investing LLC raised its position in shares of Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after buying an additional 1,001 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen upped their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $1,035.03 on Monday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company’s 50-day moving average price is $975.61 and its two-hundred day moving average price is $932.24.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date was Friday, February 7th. 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.