Bartlett & CO. Wealth Management LLC Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Bartlett & CO. Wealth Management LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,001 shares of the retailer’s stock after selling 1,112 shares during the quarter. Costco Wholesale comprises about 2.0% of Bartlett & CO. Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Bartlett & CO. Wealth Management LLC’s holdings in Costco Wholesale were worth $140,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the third quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth $58,000. Finally, Christopher J. Hasenberg Inc grew its holdings in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $942.16 on Friday. The stock has a market cap of $418.22 billion, a P/E ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. The company has a fifty day moving average price of $950.56 and a two-hundred day moving average price of $903.04. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. 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 Dividend Announcement

The firm also recently declared 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several brokerages recently commented on COST. Evercore ISI raised their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Morgan Stanley raised their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.