Montz Harcus Wealth Management LLC Sells 20 Shares of Costco Wholesale Co. (NASDAQ:COST)

Montz Harcus Wealth Management LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 329 shares of the retailer’s stock after selling 20 shares during the quarter. Montz Harcus Wealth Management LLC’s holdings in Costco Wholesale were worth $301,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $33,000. Collier Financial purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $35,000. Barrett & Company Inc. raised its position 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 during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $41,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Shares of NASDAQ:COST opened at $1,065.12 on Thursday. The stock has a 50 day moving average of $964.53 and a 200 day moving average of $918.45. The company has a market cap of $472.81 billion, a PE ratio of 62.54, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,067.00.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.