D.B. Root & Company LLC Sells 70 Shares of Costco Wholesale Co. (NASDAQ:COST)

D.B. Root & Company LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,999 shares of the retailer’s stock after selling 70 shares during the quarter. Costco Wholesale makes up approximately 0.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 26th biggest holding. D.B. Root & Company LLC’s holdings in Costco Wholesale were worth $2,748,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the period. Hudson Value Partners LLC raised its stake in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $8,430,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3 %

COST opened at $942.16 on Friday. The firm has a 50 day simple moving average of $950.56 and a 200 day simple moving average of $903.04. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a market cap of $418.22 billion, a price-to-earnings ratio of 55.32, a price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analyst Ratings Changes

Several research analysts recently issued reports on COST shares. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Nine investment 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 stock currently has an average 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.