Williams & Novak LLC Sells 41 Shares of Costco Wholesale Co. (NASDAQ:COST)

Williams & Novak LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435 shares of the retailer’s stock after selling 41 shares during the quarter. Williams & Novak LLC’s holdings in Costco Wholesale were worth $399,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter worth $55,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale during the fourth quarter worth $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. DA Davidson raised their price objective on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 0.6 %

Shares of Costco Wholesale stock opened at $964.02 on Thursday. The firm’s 50-day moving average price is $953.06 and its two-hundred day moving average price is $905.62. The company has a market capitalization of $427.93 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 5.63 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $690.80 and a 12-month high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 currently 27.25%.

About Costco Wholesale

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.