Market Street Wealth Management Advisors LLC Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Market Street Wealth Management Advisors LLC lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,116 shares of the retailer’s stock after selling 103 shares during the period. Market Street Wealth Management Advisors LLC’s holdings in Costco Wholesale were worth $1,939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $942.16 on Friday. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The firm has a market cap of $418.22 billion, a P/E ratio of 55.32, a PEG ratio of 5.63 and a beta of 0.84. The stock has a fifty day moving average price of $950.56 and a two-hundred day moving average price of $903.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Loop Capital boosted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.