Financial Partners Group Inc Sells 32 Shares of Costco Wholesale Co. (NASDAQ:COST)

Financial Partners Group Inc trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,295 shares of the retailer’s stock after selling 32 shares during the quarter. Financial Partners Group Inc’s holdings in Costco Wholesale were worth $2,103,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter worth about $41,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the fourth quarter valued at approximately $55,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the fourth quarter worth $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 2.6 %

Costco Wholesale stock opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,009.61. The company has a market capitalization of $446.49 billion, a price-to-earnings ratio of 59.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The business’s fifty day simple moving average is $954.51 and its two-hundred day simple moving average is $908.28. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.46%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Roth Mkm boosted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Company 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.