Avior Wealth Management LLC Trims Position in Costco Wholesale Co. (NASDAQ:COST)

Avior Wealth Management LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 10.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,249 shares of the retailer’s stock after selling 696 shares during the period. Avior Wealth Management LLC’s holdings in Costco Wholesale were worth $5,726,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter worth $33,000. Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on COST. Barclays raised their target price 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. Loop Capital boosted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. DA Davidson boosted their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Evercore ISI raised their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

COST opened at $942.16 on Friday. 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 $675.96 and a 12-month high of $1,008.25. The firm has a 50 day moving average of $950.56 and a two-hundred day moving average of $903.04. The firm has a market capitalization of $418.22 billion, a PE ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84.

Costco Wholesale Announces Dividend

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 given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio 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.