Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Clarity Capital Partners LLC

Clarity Capital Partners LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 528 shares of the retailer’s stock after selling 32 shares during the period. Clarity Capital Partners LLC’s holdings in Costco Wholesale were worth $484,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $41,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,065.12 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a market capitalization of $472.81 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The stock has a fifty day moving average of $964.53 and a 200-day moving average of $918.45. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,067.00.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is 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

Several brokerages have weighed in on COST. Wells Fargo & Company increased their target price on 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. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.