Costco Wholesale Co. (NASDAQ:COST) Stake Lessened by Rowlandmiller & PARTNERS.ADV

Rowlandmiller & PARTNERS.ADV cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,117 shares of the retailer’s stock after selling 282 shares during the period. Costco Wholesale makes up approximately 1.0% of Rowlandmiller & PARTNERS.ADV’s investment portfolio, making the stock its 27th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Costco Wholesale were worth $4,689,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial bought a new stake in Costco Wholesale during the fourth quarter worth approximately $35,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter worth approximately $41,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COST shares. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays raised their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 0.0 %

COST stock opened at $1,035.03 on Monday. The company has a market cap of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. The company has a 50 day moving average of $975.61 and a two-hundred day moving average of $932.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. 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.