Farther Finance Advisors LLC Has $7.61 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Farther Finance Advisors LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,302 shares of the retailer’s stock after selling 119 shares during the quarter. Farther Finance Advisors LLC’s holdings in Costco Wholesale were worth $7,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Costco Wholesale by 7.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,726 shares of the retailer’s stock valued at $9,827,000 after purchasing an additional 757 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Costco Wholesale by 32.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 68,976 shares of the retailer’s stock valued at $63,200,000 after buying an additional 16,967 shares during the last quarter. Summit X LLC increased its position in shares of Costco Wholesale by 32.0% during the fourth quarter. Summit X LLC now owns 619 shares of the retailer’s stock worth $567,000 after acquiring an additional 150 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Costco Wholesale by 9.1% during the 4th quarter. Moors & Cabot Inc. now owns 12,223 shares of the retailer’s stock valued at $11,199,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Bender Robert & Associates increased its holdings in Costco Wholesale by 3.8% during the 4th quarter. Bender Robert & Associates now owns 1,482 shares of the retailer’s stock worth $1,358,000 after purchasing an additional 54 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Down 0.4 %

Shares of NASDAQ COST opened at $930.49 on Wednesday. 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 business has a 50-day moving average of $990.22 and a 200-day moving average of $944.64. The firm has a market capitalization of $413.04 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Sell-side analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s payout ratio is 27.09%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COST. UBS Group lifted their target price 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. DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale 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.