AFT Forsyth & Company Inc. Sells 26 Shares of Costco Wholesale Co. (NASDAQ:COST)

AFT Forsyth & Company Inc. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,421 shares of the retailer’s stock after selling 26 shares during the quarter. Costco Wholesale makes up 1.5% of AFT Forsyth & Company Inc.’s portfolio, making the stock its 14th largest position. AFT Forsyth & Company Inc.’s holdings in Costco Wholesale were worth $3,135,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. boosted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on COST shares. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 1.1 %

Shares of COST stock opened at $1,076.86 on Friday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The stock’s fifty day moving average price is $966.02 and its two-hundred day moving average price is $919.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market cap of $478.02 billion, a PE ratio of 63.23, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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 issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.