Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,348 shares of the retailer’s stock after selling 82 shares during the period. Costco Wholesale accounts for approximately 0.3% of Waypoint Wealth Partners Inc.’s holdings, making the stock its 27th biggest position. Waypoint Wealth Partners Inc.’s holdings in Costco Wholesale were worth $1,235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $35,000. Barrett & Company Inc. raised its position 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 buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST opened at $1,071.85 on Monday. The company’s 50 day moving average price is $969.49 and its 200 day moving average price is $923.13. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a market capitalization of $475.79 billion, a PE ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent analyst reports. Barclays boosted 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 report on Friday, December 13th. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target 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.