Costco Wholesale Co. (NASDAQ:COST) Stock Position Decreased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.8% in the fourth quarter, HoldingsChannel reports. The firm owned 249 shares of the retailer’s stock after selling 54 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Costco Wholesale were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares in the last quarter. Hudson Value Partners LLC boosted its holdings in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC bought a new stake in Costco Wholesale during the third quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the fourth quarter worth approximately $8,430,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $965.25 on Tuesday. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. The firm’s fifty day simple moving average is $951.57 and its 200 day simple moving average is $903.97. 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 firm has a market capitalization of $428.47 billion, a PE ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s payout ratio is presently 27.25%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. TD Cowen raised their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. 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, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.