Bradley Foster & Sargent Inc. CT Sells 2,363 Shares of Costco Wholesale Co. (NASDAQ:COST)

Bradley Foster & Sargent Inc. CT reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,055 shares of the retailer’s stock after selling 2,363 shares during the period. Costco Wholesale accounts for about 2.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 7th largest position. Bradley Foster & Sargent Inc. CT’s holdings in Costco Wholesale were worth $133,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $35,000. Barrett & Company Inc. raised its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter valued at $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 2.7 %

Shares of NASDAQ COST opened at $1,034.22 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market cap of $459.09 billion, a price-to-earnings ratio of 60.73, a price-to-earnings-growth ratio of 6.32 and a beta of 0.84. 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’s 50 day simple moving average is $974.70 and its 200 day simple moving average is $928.97.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COST. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI increased their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine investment 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, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Company 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.