Pinnacle Wealth Planning Services Inc. Has $1.87 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Pinnacle Wealth Planning Services Inc. reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,038 shares of the retailer’s stock after selling 199 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Costco Wholesale were worth $1,867,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $29,000. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Finally, Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,047.75 on Thursday. 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 Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The stock has a market capitalization of $465.10 billion, a PE ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84. The stock’s fifty day moving average is $987.79 and its 200-day moving average is $941.75.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

COST has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.