Costco Wholesale Co. (NASDAQ:COST) Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 3,462 shares of the retailer’s stock after selling 34 shares during the quarter. Costco Wholesale comprises 2.8% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 8th largest position. MeadowBrook Investment Advisors LLC’s holdings in Costco Wholesale were worth $3,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter valued at $33,000. Collier Financial acquired a new stake in Costco Wholesale in the 4th quarter valued at $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth $41,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets increased their price target 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. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Shares of COST opened at $1,065.12 on Thursday. The firm has a market cap of $472.81 billion, a P/E ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,067.00. 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 business has a 50-day moving average of $964.53 and a 200 day moving average of $918.45.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.