Sanctuary Advisors LLC Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sanctuary Advisors LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,003 shares of the retailer’s stock after selling 2,939 shares during the period. Costco Wholesale makes up approximately 0.7% of Sanctuary Advisors LLC’s portfolio, making the stock its 22nd largest position. Sanctuary Advisors LLC’s holdings in Costco Wholesale were worth $114,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. raised its holdings in shares of 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 acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth $41,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 0.5 %

Costco Wholesale stock opened at $1,071.85 on Tuesday. The stock’s 50 day moving average price is $969.49 and its 200 day moving average price is $923.85. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. 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 cap of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the subject of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, February 3rd. Barclays lifted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.