Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,308 shares of the retailer’s stock after selling 27 shares during the period. Stableford Capital II LLC’s holdings in Costco Wholesale were worth $1,198,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter valued at about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $979.88 on Monday. The firm’s fifty day simple moving average is $954.51 and its 200-day simple moving average is $907.85. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25. The stock has a market capitalization of $434.97 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 5.75 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 firm also recently announced 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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 note on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.