Mather Group LLC. Has $6.66 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Mather Group LLC. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,266 shares of the retailer’s stock after selling 421 shares during the quarter. Mather Group LLC.’s holdings in Costco Wholesale were worth $6,658,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the third quarter worth $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday. Evercore ISI upped their price target on shares of 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. Finally, Barclays upped their price target on shares of 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 investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.1 %

COST stock opened at $1,042.88 on Thursday. The company has a market capitalization of $462.93 billion, a PE ratio of 61.24, a price-to-earnings-growth ratio of 5.84 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 52 week low of $697.27 and a 52 week high of $1,043.09. The company’s 50-day simple moving average is $956.42 and its 200 day simple moving average is $910.75.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 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.