Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Atticus Wealth Management LLC

Atticus Wealth Management LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,457 shares of the retailer’s stock after selling 19 shares during the period. Costco Wholesale makes up approximately 1.0% of Atticus Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Atticus Wealth Management LLC’s holdings in Costco Wholesale were worth $3,168,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares during the last quarter. Hudson Value Partners LLC boosted its position in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new position in Costco Wholesale in the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $8,430,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on COST. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. DA Davidson upped their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Raymond James raised their price objective on shares of 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, TD Cowen upped their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 2.7 %

NASDAQ:COST opened at $965.25 on Tuesday. The stock has a market cap of $428.47 billion, a PE ratio of 56.68, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $686.26 and a fifty-two week 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. The stock’s 50-day moving average is $951.57 and its two-hundred day moving average is $903.97.

Costco Wholesale Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio 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.