Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Market Street Wealth Management Advisors LLC

Market Street Wealth Management Advisors LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,116 shares of the retailer’s stock after selling 103 shares during the quarter. Market Street Wealth Management Advisors LLC’s holdings in Costco Wholesale were worth $1,939,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

COST stock opened at $942.16 on Friday. The firm has a market cap of $418.22 billion, a P/E ratio of 55.32, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The stock has a 50-day simple moving average of $950.56 and a 200-day simple moving average of $903.04.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. 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.