Capital Planning Advisors LLC Has $12.04 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Capital Planning Advisors LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,138 shares of the retailer’s stock after selling 1,521 shares during the period. Costco Wholesale makes up approximately 1.9% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 16th largest position. Capital Planning Advisors LLC’s holdings in Costco Wholesale were worth $12,038,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Edge Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 12.3% in the 4th quarter. Edge Financial Advisors LLC now owns 458 shares of the retailer’s stock valued at $420,000 after purchasing an additional 50 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Peterson Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 5.5% in the 4th quarter. Peterson Wealth Advisors LLC now owns 445 shares of the retailer’s stock valued at $408,000 after purchasing an additional 23 shares in the last quarter. MinichMacGregor Wealth Management LLC boosted its stake in shares of Costco Wholesale by 54.1% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 578 shares of the retailer’s stock valued at $530,000 after purchasing an additional 203 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in shares of Costco Wholesale by 11.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 453 shares of the retailer’s stock valued at $415,000 after purchasing an additional 47 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $939.68 on Friday. The company has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $950.92 and a 200-day moving average of $903.31.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Citigroup raised their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale 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.