Atria Investments Inc Reduces Stake in Costco Wholesale Co. (NASDAQ:COST)

Atria Investments Inc decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,714 shares of the retailer’s stock after selling 494 shares during the period. Atria Investments Inc’s holdings in Costco Wholesale were worth $20,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Synergy Investment Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $33,000. Finally, Collier Financial bought a new position in Costco Wholesale in the 4th quarter valued at $35,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on COST shares. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.0 %

Shares of Costco Wholesale stock opened at $1,036.87 on Wednesday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84. The business’s fifty day moving average price is $986.01 and its two-hundred day moving average price is $941.00. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is 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.