Mcdonald Partners LLC Has $2.01 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Mcdonald Partners LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,196 shares of the retailer’s stock after selling 77 shares during the period. Mcdonald Partners LLC’s holdings in Costco Wholesale were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Davidson Investment Advisors lifted its holdings in shares of Costco Wholesale by 4.5% in the fourth quarter. Davidson Investment Advisors now owns 768 shares of the retailer’s stock valued at $703,000 after purchasing an additional 33 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in shares of Costco Wholesale by 17.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,473 shares of the retailer’s stock valued at $14,177,000 after purchasing an additional 2,347 shares in the last quarter. Creative Capital Management Investments LLC lifted its holdings in shares of Costco Wholesale by 5.8% in the fourth quarter. Creative Capital Management Investments LLC now owns 454 shares of the retailer’s stock valued at $416,000 after purchasing an additional 25 shares in the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of Costco Wholesale by 4.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 1,178 shares of the retailer’s stock valued at $1,080,000 after purchasing an additional 46 shares in the last quarter. Finally, Davidson Trust Co. lifted its holdings in shares of Costco Wholesale by 1.4% in the fourth quarter. Davidson Trust Co. now owns 5,653 shares of the retailer’s stock valued at $5,180,000 after purchasing an additional 80 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Evercore ISI boosted their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,056.03 on Wednesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock’s 50 day moving average is $972.43 and its 200-day moving average is $927.29. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared 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 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio 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.