Schwarz Dygos Wheeler Investment Advisors LLC Sells 64 Shares of Costco Wholesale Co. (NASDAQ:COST)

Schwarz Dygos Wheeler Investment Advisors LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,352 shares of the retailer’s stock after selling 64 shares during the quarter. Costco Wholesale makes up approximately 1.2% of Schwarz Dygos Wheeler Investment Advisors LLC’s portfolio, making the stock its 19th biggest position. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Costco Wholesale were worth $4,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Taika Capital LP acquired a new position in shares of Costco Wholesale during the fourth quarter worth $719,000. Bell Investment Advisors Inc raised its position in Costco Wholesale by 14.4% during the 4th quarter. Bell Investment Advisors Inc now owns 151 shares of the retailer’s stock worth $138,000 after purchasing an additional 19 shares during the last quarter. SLT Holdings LLC acquired a new position in Costco Wholesale during the 4th quarter worth about $461,000. Enterprise Financial Services Corp grew its position in shares of Costco Wholesale by 5.8% in the 4th quarter. Enterprise Financial Services Corp now owns 869 shares of the retailer’s stock valued at $796,000 after buying an additional 48 shares during the last quarter. Finally, Sowell Financial Services LLC increased its stake in shares of Costco Wholesale by 19.5% in the fourth quarter. Sowell Financial Services LLC now owns 21,150 shares of the retailer’s stock valued at $19,379,000 after buying an additional 3,445 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COST. Loop Capital cut their price objective on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research note on Friday. TD Cowen boosted 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 report on Friday, December 13th. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Stock Performance

Shares of COST opened at $964.31 on Monday. The firm has a market capitalization of $428.06 billion, a P/E ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The stock has a 50 day moving average price of $989.69 and a two-hundred day moving average price of $943.88. 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 (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.