Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cherry Creek Investment Advisors Inc.

Cherry Creek Investment Advisors Inc. reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,614 shares of the retailer’s stock after selling 183 shares during the quarter. Costco Wholesale comprises approximately 2.5% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 12th largest holding. Cherry Creek Investment Advisors Inc.’s holdings in Costco Wholesale were worth $5,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fermata Advisors LLC boosted its stake in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after acquiring an additional 11 shares during the last quarter. Sculati Wealth Management LLC raised its stake in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares in the last quarter. Gill Capital Partners LLC lifted its stake in Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares during the last quarter. Finally, Scott Capital Advisors LLC increased its stake in Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ:COST opened at $958.67 on Wednesday. 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 business’s 50-day moving average price is $952.49 and its 200 day moving average price is $904.81. Costco Wholesale Co. has a 52-week low of $686.26 and a 52-week high of $1,008.25. The firm has a market cap of $425.55 billion, a P/E ratio of 56.29, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of several research reports. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.