SilverOak Wealth Management LLC Sells 142 Shares of Costco Wholesale Co. (NASDAQ:COST)

SilverOak Wealth Management LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622 shares of the retailer’s stock after selling 142 shares during the period. SilverOak Wealth Management LLC’s holdings in Costco Wholesale were worth $570,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allied Investment Advisors LLC raised its position in shares of Costco Wholesale by 42.7% during the fourth quarter. Allied Investment Advisors LLC now owns 1,697 shares of the retailer’s stock worth $1,555,000 after purchasing an additional 508 shares during the period. Atlas Legacy Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $1,218,000. Bank of Jackson Hole Trust acquired a new position in Costco Wholesale during the fourth quarter worth $607,000. Davidson Investment Advisors grew its holdings in shares of Costco Wholesale by 4.5% during the fourth quarter. Davidson Investment Advisors now owns 768 shares of the retailer’s stock valued at $703,000 after buying an additional 33 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in shares of Costco Wholesale by 17.9% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,473 shares of the retailer’s stock valued at $14,177,000 after buying an additional 2,347 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Evercore ISI raised their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

COST opened at $1,056.03 on Wednesday. The company has a market capitalization of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84. 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 firm has a 50-day moving average price of $972.43 and a 200-day moving average price of $927.29. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 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.