Wagner Wealth Management LLC Sells 12 Shares of Costco Wholesale Co. (NASDAQ:COST)

Wagner Wealth Management LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 318 shares of the retailer’s stock after selling 12 shares during the period. Wagner Wealth Management LLC’s holdings in Costco Wholesale were worth $292,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of COST. Canvas Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale by 2.3% in the fourth quarter. Canvas Wealth Advisors LLC now owns 1,437 shares of the retailer’s stock valued at $1,317,000 after buying an additional 32 shares during the period. RAM Investment Partners LLC boosted its holdings in shares of Costco Wholesale by 6.3% in the fourth quarter. RAM Investment Partners LLC now owns 8,470 shares of the retailer’s stock valued at $7,761,000 after buying an additional 504 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 8.6% in the fourth quarter. Angeles Wealth Management LLC now owns 9,687 shares of the retailer’s stock valued at $8,876,000 after buying an additional 769 shares during the period. V2 Financial group LLC boosted its holdings in shares of Costco Wholesale by 1.8% in the fourth quarter. V2 Financial group LLC now owns 662 shares of the retailer’s stock valued at $607,000 after buying an additional 12 shares during the period. Finally, Wealthstar Advisors LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $348,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Barclays upped their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. DA Davidson increased their target price 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. Finally, Robert W. Baird increased their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST opened at $1,061.92 on Tuesday. The firm has a market capitalization of $471.39 billion, a PE ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The company’s 50-day moving average is $961.27 and its 200-day moving average is $915.02. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.25%.

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.