Private Wealth Partners LLC Sells 1,543 Shares of Costco Wholesale Co. (NASDAQ:COST)

Private Wealth Partners LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,093 shares of the retailer’s stock after selling 1,543 shares during the quarter. Costco Wholesale makes up approximately 2.4% of Private Wealth Partners LLC’s holdings, making the stock its 11th largest position. Private Wealth Partners LLC’s holdings in Costco Wholesale were worth $31,239,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TBH Global Asset Management LLC boosted its holdings in shares of Costco Wholesale by 0.7% during the 4th quarter. TBH Global Asset Management LLC now owns 5,270 shares of the retailer’s stock valued at $4,829,000 after buying an additional 38 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its position in Costco Wholesale by 59.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 9,521 shares of the retailer’s stock valued at $8,724,000 after acquiring an additional 3,534 shares during the period. Private Advisor Group LLC boosted its stake in Costco Wholesale by 6.6% during the fourth quarter. Private Advisor Group LLC now owns 69,695 shares of the retailer’s stock worth $63,859,000 after acquiring an additional 4,315 shares in the last quarter. Good Life Advisors LLC purchased a new stake in Costco Wholesale in the fourth quarter worth about $8,104,000. Finally, Financial Perspectives Inc increased its stake in shares of Costco Wholesale by 5.2% during the fourth quarter. Financial Perspectives Inc now owns 815 shares of the retailer’s stock valued at $747,000 after purchasing an additional 40 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.6 %

Shares of COST stock opened at $1,062.54 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock has a market cap of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84. The company has a 50 day simple moving average of $973.78 and a two-hundred day simple moving average of $928.24.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their target price 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. TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.