Freestone Capital Holdings LLC Sells 908 Shares of Costco Wholesale Co. (NASDAQ:COST)

Freestone Capital Holdings LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 39,166 shares of the retailer’s stock after selling 908 shares during the period. Costco Wholesale makes up approximately 1.2% of Freestone Capital Holdings LLC’s holdings, making the stock its 16th largest holding. Freestone Capital Holdings LLC’s holdings in Costco Wholesale were worth $35,887,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC boosted its stake in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth $33,000. Finally, Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter worth $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,047.75 on Thursday. The company’s 50-day moving average price is $987.79 and its 200-day moving average price is $941.75. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $465.10 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. UBS Group lifted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.