Cabot Wealth Management Inc. Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cabot Wealth Management Inc. trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 259 shares of the retailer’s stock after selling 18 shares during the period. Cabot Wealth Management Inc.’s holdings in Costco Wholesale were worth $237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial bought a new position in Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. boosted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter valued at approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on COST shares. Morgan Stanley upped their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Loop Capital lifted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,035.03 on Friday. The stock’s 50 day moving average is $975.61 and its 200 day moving average is $931.39. The company has a market capitalization of $459.45 billion, a P/E ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently declared 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 dividend payout ratio is presently 27.25%.

About Costco Wholesale

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.