Costco Wholesale Co. (NASDAQ:COST) Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,033 shares of the retailer’s stock after selling 829 shares during the quarter. Costco Wholesale comprises 1.5% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. WealthPlan Investment Management LLC’s holdings in Costco Wholesale were worth $15,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after acquiring an additional 162,191 shares during the period. FMR LLC lifted its position in Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after acquiring an additional 324,973 shares during the period. International Assets Investment Management LLC lifted its position in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Jennison Associates LLC lifted its position in Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after acquiring an additional 125,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Costco Wholesale by 2.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock worth $2,726,107,000 after acquiring an additional 70,561 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COST shares. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Evercore ISI raised their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,071.85 on Friday. The company has a market cap of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The business has a fifty day simple moving average of $969.49 and a 200-day simple moving average of $922.35.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.