Galvin Gaustad & Stein LLC Sells 11,336 Shares of Costco Wholesale Co. (NASDAQ:COST)

Galvin Gaustad & Stein LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 56.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,600 shares of the retailer’s stock after selling 11,336 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Costco Wholesale were worth $7,880,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Edge Financial Advisors LLC grew its stake in Costco Wholesale by 12.3% in the 4th quarter. Edge Financial Advisors LLC now owns 458 shares of the retailer’s stock valued at $420,000 after buying an additional 50 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $33,000. Peterson Wealth Advisors LLC grew its stake in Costco Wholesale by 5.5% in the 4th quarter. Peterson Wealth Advisors LLC now owns 445 shares of the retailer’s stock valued at $408,000 after buying an additional 23 shares in the last quarter. MinichMacGregor Wealth Management LLC grew its stake in Costco Wholesale by 54.1% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 578 shares of the retailer’s stock valued at $530,000 after buying an additional 203 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Costco Wholesale by 11.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 453 shares of the retailer’s stock valued at $415,000 after buying an additional 47 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on COST. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Roth Mkm boosted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Barclays boosted 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, TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report 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. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $939.68 on Friday. 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 company has a market capitalization of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The firm has a fifty day simple moving average of $950.92 and a two-hundred day simple moving average of $903.31. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.