Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,248 shares of the retailer’s stock after selling 80 shares during the period. Costco Wholesale makes up 1.1% of Denali Advisors LLC’s holdings, making the stock its 13th largest position. Denali Advisors LLC’s holdings in Costco Wholesale were worth $10,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial purchased a new position in shares of Costco Wholesale in the fourth quarter worth $35,000. Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $41,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.9 %

Shares of COST opened at $1,055.66 on Wednesday. The firm has a market cap of $468.61 billion, a P/E ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock’s 50 day moving average is $977.94 and its two-hundred day moving average is $935.03. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.