Rowlandmiller & PARTNERS.ADV Sells 282 Shares of Costco Wholesale Co. (NASDAQ:COST)

Rowlandmiller & PARTNERS.ADV lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.2% during the fourth quarter, Holdings Channel reports. The firm owned 5,117 shares of the retailer’s stock after selling 282 shares during the period. Costco Wholesale accounts for about 1.0% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 27th largest position. Rowlandmiller & PARTNERS.ADV’s holdings in Costco Wholesale were worth $4,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COST. Strategic Financial Concepts LLC grew its stake in Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after buying an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after buying an additional 382,367 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares during the last quarter. FMR LLC grew its stake in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new stake in Costco Wholesale in the 4th quarter worth $157,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on COST. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Roth Mkm raised their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ COST opened at $1,035.03 on Monday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a market cap of $459.45 billion, a PE ratio of 60.78, a P/E/G ratio of 6.15 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 company has a 50-day moving average of $975.61 and a two-hundred day moving average of $932.24.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.