Gouws Capital LLC Sells 190 Shares of Costco Wholesale Co. (NASDAQ:COST)

Gouws Capital LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,972 shares of the retailer’s stock after selling 190 shares during the period. Costco Wholesale comprises approximately 8.1% of Gouws Capital LLC’s portfolio, making the stock its 3rd largest position. Gouws Capital LLC’s holdings in Costco Wholesale were worth $11,886,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in COST. NewSquare Capital LLC grew its position in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the period. J.Safra Asset Management Corp lifted its stake in Costco Wholesale by 33.4% in the fourth quarter. J.Safra Asset Management Corp now owns 527 shares of the retailer’s stock valued at $486,000 after buying an additional 132 shares in the last quarter. Abbot Financial Management Inc. boosted its holdings in shares of Costco Wholesale by 6.1% in the fourth quarter. Abbot Financial Management Inc. now owns 911 shares of the retailer’s stock valued at $834,000 after buying an additional 52 shares during the period. Snider Financial Group increased its position in shares of Costco Wholesale by 28.0% during the fourth quarter. Snider Financial Group now owns 6,128 shares of the retailer’s stock worth $5,615,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $659,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on COST. DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 1.0 %

COST stock opened at $1,036.87 on Wednesday. The business’s 50 day simple moving average is $986.01 and its 200 day simple moving average is $941.00. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The firm has a market capitalization of $460.27 billion, a PE ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is presently 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.