Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Reduced by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,533 shares of the retailer’s stock after selling 13 shares during the period. Costco Wholesale comprises about 9.5% of Luts & Greenleigh Group Inc.’s holdings, making the stock its 2nd largest position. Luts & Greenleigh Group Inc.’s holdings in Costco Wholesale were worth $9,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 during the third quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at about $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the third quarter valued at about $58,000. Finally, Christopher J. Hasenberg Inc lifted 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. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday, January 9th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have given 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 target price of $1,013.59.

Costco Wholesale Stock Performance

Costco Wholesale 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 price-to-earnings-growth ratio of 5.65 and a beta of 0.84. The stock has a 50 day moving average of $950.56 and a 200-day moving average of $903.04. 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 Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.