HBK Sorce Advisory LLC Sells 147 Shares of Costco Wholesale Co. (NASDAQ:COST)

HBK Sorce Advisory LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,968 shares of the retailer’s stock after selling 147 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Costco Wholesale were worth $6,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at approximately $33,000. Finally, Collier Financial bought a new position in Costco Wholesale in the 4th quarter valued at approximately $35,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Down 0.4 %

Shares of COST stock opened at $927.08 on Thursday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. 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 firm has a market capitalization of $411.53 billion, a PE ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. The stock has a fifty day simple moving average of $990.44 and a two-hundred day simple moving average of $944.52.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. On average, analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s payout ratio is presently 27.09%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COST. Roth Mkm upped 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 3rd. TD Cowen upped 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. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,030.43.

About Costco Wholesale

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.