Hedeker Wealth LLC Sells 122 Shares of Costco Wholesale Co. (NASDAQ:COST)

Hedeker Wealth LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,876 shares of the retailer’s stock after selling 122 shares during the quarter. Hedeker Wealth LLC’s holdings in Costco Wholesale were worth $3,551,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $41,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on COST. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. UBS Group increased their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

COST stock opened at $1,043.81 on Friday. The stock has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a 50 day simple moving average of $959.83 and a 200 day simple moving average of $912.64. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00.

Costco Wholesale Dividend Announcement

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

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.