MKT Advisors LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

MKT Advisors LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,224 shares of the retailer’s stock after selling 64 shares during the quarter. Costco Wholesale accounts for approximately 0.9% of MKT Advisors LLC’s portfolio, making the stock its 15th largest position. MKT Advisors LLC’s holdings in Costco Wholesale were worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale in the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COST. Evercore ISI boosted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group boosted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 2.7 %

COST opened at $965.25 on Tuesday. The firm has a market cap of $428.47 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $686.26 and a 12 month high of $1,008.25. The stock has a fifty day moving average price of $951.57 and a 200-day moving average price of $903.97.

Costco Wholesale Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

About Costco Wholesale

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.