Costco Wholesale Co. (NASDAQ:COST) Shares Sold by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,166 shares of the retailer’s stock after selling 417 shares during the period. AlphaStar Capital Management LLC’s holdings in Costco Wholesale were worth $1,984,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $33,000. Barrett & Company Inc. lifted its holdings in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth $55,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

COST opened at $1,043.81 on Monday. The business has a 50 day moving average price of $961.27 and a two-hundred day moving average price of $914.43. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The company has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of 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. Finally, Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.