Sage Private Wealth Group LLC Trims Position in Costco Wholesale Co. (NASDAQ:COST)

Sage Private Wealth Group LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 322 shares of the retailer’s stock after selling 15 shares during the period. Sage Private Wealth Group LLC’s holdings in Costco Wholesale were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Shade Tree Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $745,000. Wealth Advisors Northwest LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $470,000. TCV Trust & Wealth Management Inc. raised its holdings in Costco Wholesale by 0.8% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 12,620 shares of the retailer’s stock worth $11,563,000 after purchasing an additional 94 shares in the last quarter. Sonata Capital Group Inc. raised its holdings in Costco Wholesale by 3.6% during the fourth quarter. Sonata Capital Group Inc. now owns 1,794 shares of the retailer’s stock worth $1,644,000 after purchasing an additional 62 shares in the last quarter. Finally, David Wealth Management LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $275,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COST. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. BMO Capital Markets increased 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 report on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ COST opened at $1,065.12 on Thursday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,067.00. The firm’s 50 day moving average price is $964.53 and its 200 day moving average price is $918.45. The firm has a market cap of $472.81 billion, a P/E ratio of 62.54, a price-to-earnings-growth ratio of 6.26 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 Announces Dividend

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