Daymark Wealth Partners LLC Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Daymark Wealth Partners LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,217 shares of the retailer’s stock after selling 219 shares during the period. Daymark Wealth Partners LLC’s holdings in Costco Wholesale were worth $23,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $58,000. Finally, Christopher J. Hasenberg Inc increased its stake in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.3 %

COST stock opened at $942.16 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $950.56 and a two-hundred day moving average of $903.04. The company has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 5.65 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several research firms have commented on COST. Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. DA Davidson raised their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.