Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,593 shares of the retailer’s stock after selling 953 shares during the quarter. Costco Wholesale makes up 1.0% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 17th largest holding. Dynamic Advisor Solutions LLC’s holdings in Costco Wholesale were worth $22,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Costco Wholesale by 62.8% in 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 acquiring an additional 932 shares in the last quarter. Hudson Value Partners LLC raised its holdings in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares during the period. Nwam LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the 4th quarter worth approximately $8,430,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COST. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Jefferies Financial Group raised their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays boosted their price objective 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, Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Costco Wholesale stock opened at $939.68 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The firm has a fifty day moving average price of $951.57 and a two-hundred day moving average price of $903.72. The firm has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.