Mutual Advisors LLC Sells 230 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mutual Advisors LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,632 shares of the retailer’s stock after selling 230 shares during the period. Mutual Advisors LLC’s holdings in Costco Wholesale were worth $14,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter worth $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the third quarter valued at $58,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale during the fourth quarter valued at $58,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.3 %

NASDAQ COST opened at $942.16 on Friday. The business’s fifty day moving average is $950.56 and its 200-day moving average is $903.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $418.22 billion, a price-to-earnings ratio of 55.32, a PEG ratio of 5.65 and a beta of 0.84. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COST shares. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.