Petredis Investment Advisors LLC Sells 256 Shares of Costco Wholesale Co. (NASDAQ:COST)

Petredis Investment Advisors LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 16,322 shares of the retailer’s stock after selling 256 shares during the quarter. Costco Wholesale accounts for about 1.5% of Petredis Investment Advisors LLC’s investment portfolio, making the stock its 15th largest holding. Petredis Investment Advisors LLC’s holdings in Costco Wholesale were worth $14,955,000 at the end of the most recent quarter.

Several other institutional investors and 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 in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $58,000. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COST. Stifel Nicolaus lifted their price objective 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. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. TD Cowen lifted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

NASDAQ COST opened at $939.68 on Friday. The business’s 50-day moving average is $951.57 and its 200 day moving average is $903.72. The stock has a market capitalization of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. 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 Dividend Announcement

The firm 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 dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend 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.