Costco Wholesale Co. (NASDAQ:COST) is Peterson Wealth Services’ 5th Largest Position

Peterson Wealth Services lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,282 shares of the retailer’s stock after selling 261 shares during the period. Costco Wholesale comprises 3.9% of Peterson Wealth Services’ holdings, making the stock its 5th largest position. Peterson Wealth Services’ holdings in Costco Wholesale were worth $13,086,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. McBroom & Associates LLC raised its stake in shares of Costco Wholesale by 0.6% during the 4th quarter. McBroom & Associates LLC now owns 11,655 shares of the retailer’s stock worth $10,679,000 after purchasing an additional 71 shares during the period. Axecap Investments LLC purchased a new stake in Costco Wholesale during the fourth quarter worth about $3,206,000. Stonebridge Financial Group LLC purchased a new stake in Costco Wholesale during the fourth quarter worth about $387,000. Essex Financial Services Inc. raised its position in Costco Wholesale by 5.6% in the fourth quarter. Essex Financial Services Inc. now owns 4,582 shares of the retailer’s stock worth $4,199,000 after acquiring an additional 245 shares during the period. Finally, Armor Investment Advisors LLC boosted its stake in Costco Wholesale by 5.0% in the fourth quarter. Armor Investment Advisors LLC now owns 486 shares of the retailer’s stock valued at $445,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on COST. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.3 %

NASDAQ COST opened at $1,058.34 on Wednesday. The firm has a market cap of $469.80 billion, a PE ratio of 62.15, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,066.00. The stock has a 50-day moving average of $963.01 and a 200-day moving average of $916.76. 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 Announces Dividend

The business also recently disclosed 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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.