William Allan Corp Sells 68 Shares of Costco Wholesale Co. (NASDAQ:COST)

William Allan Corp trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,102 shares of the retailer’s stock after selling 68 shares during the quarter. Costco Wholesale comprises approximately 4.6% of William Allan Corp’s portfolio, making the stock its 5th biggest position. William Allan Corp’s holdings in Costco Wholesale were worth $7,424,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth about $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on COST shares. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.7 %

COST stock opened at $1,043.81 on Friday. The company’s 50-day moving average price is $959.83 and its 200 day moving average price is $912.64. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 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.