Highline Wealth Partners LLC Has $6.94 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Highline Wealth Partners LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,569 shares of the retailer’s stock after selling 73 shares during the quarter. Costco Wholesale comprises about 2.3% of Highline Wealth Partners LLC’s investment portfolio, making the stock its 14th largest holding. Highline Wealth Partners LLC’s holdings in Costco Wholesale were worth $6,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Fairway Wealth LLC increased its stake in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth about $58,000. Christopher J. Hasenberg Inc raised its position in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC bought a new position in Costco Wholesale during the 3rd quarter worth $71,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 1.2 %

Shares of COST stock traded up $11.53 on Friday, hitting $938.90. The stock had a trading volume of 1,413,409 shares, compared to its average volume of 1,724,087. Costco Wholesale Co. has a 12-month low of $667.64 and a 12-month high of $1,008.25. The stock has a market cap of $416.78 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The business has a 50 day moving average of $946.73 and a 200 day moving average of $897.99. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. UBS Group lifted their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI upped their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Roth Mkm boosted their price objective on 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 given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

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.