Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,457 shares of the retailer’s stock after selling 19 shares during the period. Costco Wholesale accounts for approximately 1.0% of Atticus Wealth Management LLC’s portfolio, making the stock its 21st largest holding. Atticus Wealth Management LLC’s holdings in Costco Wholesale were worth $3,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $965.25 on Tuesday. The stock has a market capitalization of $428.47 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25. The company’s 50-day simple moving average is $951.57 and its 200-day simple moving average is $903.97. 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 announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. DA Davidson lifted their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.