Avalon Capital Management Sells 100 Shares of Costco Wholesale Co. (NASDAQ:COST)

Avalon Capital Management trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510 shares of the retailer’s stock after selling 100 shares during the period. Avalon Capital Management’s holdings in Costco Wholesale were worth $1,384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COST. Exchange Capital Management Inc. boosted its stake in shares of Costco Wholesale by 9.9% in the 4th quarter. Exchange Capital Management Inc. now owns 2,465 shares of the retailer’s stock worth $2,259,000 after buying an additional 222 shares during the last quarter. Twin Peaks Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 5.0% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 462 shares of the retailer’s stock worth $423,000 after buying an additional 22 shares during the last quarter. Fairhaven Wealth Management LLC boosted its stake in shares of Costco Wholesale by 1.3% in the 4th quarter. Fairhaven Wealth Management LLC now owns 827 shares of the retailer’s stock worth $758,000 after buying an additional 11 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Costco Wholesale by 6.0% in the 4th quarter. Sentry Investment Management LLC now owns 1,688 shares of the retailer’s stock worth $1,547,000 after buying an additional 96 shares during the last quarter. Finally, Transcendent Capital Group LLC boosted its stake in shares of Costco Wholesale by 16.0% in the 4th quarter. Transcendent Capital Group LLC now owns 818 shares of the retailer’s stock worth $750,000 after buying an additional 113 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,035.60 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The company has a 50 day simple moving average of $976.47 and a two-hundred day simple moving average of $933.62. The company has a market capitalization of $459.70 billion, a price-to-earnings ratio of 60.81, a P/E/G ratio of 6.15 and a beta of 0.84. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.