Costco Wholesale Co. (NASDAQ:COST) Holdings Trimmed by Atria Investments Inc

Atria Investments Inc lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the 4th quarter, HoldingsChannel reports. The fund owned 22,714 shares of the retailer’s stock after selling 494 shares during the period. Atria Investments Inc’s holdings in Costco Wholesale were worth $20,812,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. lifted its stake in Costco Wholesale by 6.7% in the fourth quarter. Assetmark Inc. now owns 42,302 shares of the retailer’s stock valued at $38,760,000 after acquiring an additional 2,671 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in Costco Wholesale by 33.4% in the fourth quarter. J.Safra Asset Management Corp now owns 527 shares of the retailer’s stock worth $486,000 after purchasing an additional 132 shares in the last quarter. Abbot Financial Management Inc. increased its position in Costco Wholesale by 6.1% during the fourth quarter. Abbot Financial Management Inc. now owns 911 shares of the retailer’s stock worth $834,000 after buying an additional 52 shares during the last quarter. Finally, Snider Financial Group raised its holdings in Costco Wholesale by 28.0% during the fourth quarter. Snider Financial Group now owns 6,128 shares of the retailer’s stock valued at $5,615,000 after buying an additional 1,342 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Shares of NASDAQ:COST opened at $1,036.87 on Wednesday. The business’s 50 day simple moving average is $986.01 and its 200 day simple moving average is $941.00. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is 27.25%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COST shares. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Jefferies Financial Group lifted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company increased their target price 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average 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.