Verde Capital Management Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Verde Capital Management decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172 shares of the retailer’s stock after selling 274 shares during the quarter. Verde Capital Management’s holdings in Costco Wholesale were worth $1,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3 %

COST 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. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The business has a 50 day moving average of $950.92 and a 200-day moving average of $903.31.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on COST shares. Loop Capital upped their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Barclays upped their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. DA Davidson boosted their target price 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, Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine research 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 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.