Net Worth Advisory Group Sells 16 Shares of Costco Wholesale Co. (NASDAQ:COST)

Net Worth Advisory Group lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 988 shares of the retailer’s stock after selling 16 shares during the period. Net Worth Advisory Group’s holdings in Costco Wholesale were worth $906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Nwam LLC bought a new stake in Costco Wholesale during the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the fourth quarter worth about $8,430,000. GAMMA Investing LLC raised its holdings in Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Dale Q Rice Investment Management Ltd bought a new stake in Costco Wholesale during the fourth quarter worth about $984,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Barclays upped their price objective on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a research note on Monday. Loop Capital dropped their price objective on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Trading Down 3.1 %

Shares of NASDAQ:COST opened at $934.41 on Tuesday. The business’s 50 day simple moving average is $989.94 and its 200 day simple moving average is $944.28. The company has a market capitalization of $414.78 billion, a P/E ratio of 54.87, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. 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 (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

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.