Family Investment Center Inc. Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Family Investment Center Inc. trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 425 shares of the retailer’s stock after selling 27 shares during the quarter. Family Investment Center Inc.’s holdings in Costco Wholesale were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $41,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at approximately $55,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Finally, Loop Capital raised their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.6 %

COST opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,009.61. 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 stock has a market cap of $446.49 billion, a price-to-earnings ratio of 59.06, a P/E/G ratio of 5.84 and a beta of 0.84. The stock’s 50 day moving average price is $954.51 and its 200-day moving average price is $908.28.

Costco Wholesale Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.