Atria Wealth Solutions Inc. Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Atria Wealth Solutions Inc. reduced its position in Costco Wholesale Co. (NASDAQ:COST) by 7.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,762 shares of the retailer’s stock after selling 4,063 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Costco Wholesale were worth $46,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in COST. AMF Tjanstepension AB bought a new stake in Costco Wholesale during the third quarter valued at about $42,896,000. Swedbank AB increased its holdings in Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in Costco Wholesale by 6.3% in the third quarter. Wealth Alliance Advisory Group LLC now owns 1,408 shares of the retailer’s stock worth $1,248,000 after acquiring an additional 84 shares during the period. Verde Capital Management boosted its position in Costco Wholesale by 246.8% during the third quarter. Verde Capital Management now owns 1,446 shares of the retailer’s stock valued at $1,282,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Veracity Capital LLC grew its stake in shares of Costco Wholesale by 8.0% during the third quarter. Veracity Capital LLC now owns 1,435 shares of the retailer’s stock worth $1,272,000 after acquiring an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup lifted 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. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

Shares of Costco Wholesale stock opened at $1,071.85 on Tuesday. The company has a fifty day moving average price of $969.49 and a 200 day moving average price of $923.85. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 dividend on an annualized basis and a yield of 0.43%. Costco Wholesale’s dividend payout ratio (DPR) is 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.