C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,377 shares of the retailer’s stock after selling 40 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Costco Wholesale were worth $2,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Valley Wealth Managers Inc. raised its holdings in shares of Costco Wholesale by 4.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 1,178 shares of the retailer’s stock valued at $1,080,000 after acquiring an additional 46 shares in the last quarter. Davidson Trust Co. raised its holdings in shares of Costco Wholesale by 1.4% during the fourth quarter. Davidson Trust Co. now owns 5,653 shares of the retailer’s stock valued at $5,180,000 after acquiring an additional 80 shares in the last quarter. Kestra Investment Management LLC raised its holdings in shares of Costco Wholesale by 16.9% during the fourth quarter. Kestra Investment Management LLC now owns 804 shares of the retailer’s stock valued at $737,000 after acquiring an additional 116 shares in the last quarter. GAM Holding AG raised its holdings in shares of Costco Wholesale by 16.5% during the fourth quarter. GAM Holding AG now owns 15,658 shares of the retailer’s stock valued at $14,347,000 after acquiring an additional 2,216 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Costco Wholesale by 2.6% during the fourth quarter. Venturi Wealth Management LLC now owns 3,584 shares of the retailer’s stock valued at $3,284,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Loop Capital increased their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Stifel Nicolaus increased their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 1.5 %

Shares of NASDAQ:COST opened at $1,056.03 on Wednesday. The stock has a market capitalization of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock’s 50-day simple moving average is $972.43 and its two-hundred day simple moving average is $927.29. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

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.