Atlas Private Wealth Advisors Cuts Stake in Costco Wholesale Co. (NASDAQ:COST)

Atlas Private Wealth Advisors decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,136 shares of the retailer’s stock after selling 12 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Costco Wholesale were worth $1,958,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale during the 4th quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.3 %

Shares of Costco Wholesale stock opened at $939.68 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The firm has a 50-day simple moving average of $951.57 and a two-hundred day simple moving average of $903.72. The company has a market cap of $417.12 billion, a P/E ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

A number of research firms recently issued reports on COST. DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group upped their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

About Costco Wholesale

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.