Chronos Wealth Management LLC Sells 159 Shares of Costco Wholesale Co. (NASDAQ:COST)

Chronos Wealth Management LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,111 shares of the retailer’s stock after selling 159 shares during the period. Costco Wholesale makes up about 3.8% of Chronos Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Chronos Wealth Management LLC’s holdings in Costco Wholesale were worth $7,432,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Robert W. Baird raised their price objective 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. Finally, Sanford C. Bernstein began coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,043.81 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00. The firm’s fifty day simple moving average is $961.27 and its two-hundred day simple moving average is $914.00. 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 firm has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

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.