Capital Planning Advisors LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Capital Planning Advisors LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,138 shares of the retailer’s stock after selling 1,521 shares during the quarter. Costco Wholesale comprises 1.9% of Capital Planning Advisors LLC’s portfolio, making the stock its 16th biggest holding. Capital Planning Advisors LLC’s holdings in Costco Wholesale were worth $12,038,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. FMR LLC raised its stake in shares of Costco Wholesale by 3.6% during the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the period. International Assets Investment Management LLC raised its stake in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Legal & General Group Plc raised its stake in shares of Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after purchasing an additional 88,550 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Costco Wholesale by 3.8% during the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after purchasing an additional 125,444 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, January 9th. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of COST opened at $939.68 on Friday. The firm has a market cap of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The stock has a 50 day simple moving average of $950.92 and a two-hundred day simple moving average of $903.31. 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 Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. 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.