Processus Wealth & Capital Management LLC Sells 215 Shares of Costco Wholesale Co. (NASDAQ:COST)

Processus Wealth & Capital Management LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,575 shares of the retailer’s stock after selling 215 shares during the period. Costco Wholesale accounts for about 3.3% of Processus Wealth & Capital Management LLC’s holdings, making the stock its 9th biggest position. Processus Wealth & Capital Management LLC’s holdings in Costco Wholesale were worth $4,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. increased its stake in shares of Costco Wholesale by 59.3% during the fourth 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 Costco Wholesale in the fourth quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. BMO Capital Markets lifted 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 report on Friday, December 13th. Finally, Loop Capital lifted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,035.60 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a 50 day moving average price of $976.47 and a 200-day moving average price of $933.62. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The firm has a market cap of $459.70 billion, a price-to-earnings ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

About Costco Wholesale

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.