Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Hofer & Associates. Inc

Hofer & Associates. Inc trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,362 shares of the retailer’s stock after selling 35 shares during the period. Costco Wholesale comprises about 0.8% of Hofer & Associates. Inc’s holdings, making the stock its 27th biggest position. Hofer & Associates. Inc’s holdings in Costco Wholesale were worth $1,248,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised 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 worth $2,489,574,000 after acquiring an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of 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 raised its position in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares during the last quarter. Nwam LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the 4th quarter valued at $8,430,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

Shares of NASDAQ:COST opened at $979.88 on Monday. Costco Wholesale Co. has a 12-month low of $691.50 and a 12-month high of $1,008.25. 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 cap of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. The company has a fifty day simple moving average of $954.51 and a 200 day simple moving average of $907.85.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. 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 analyst reports. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. TD Cowen boosted their price target 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. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, Stifel Nicolaus raised their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.