Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 714 shares of the retailer’s stock after selling 76 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Costco Wholesale were worth $655,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Fermata Advisors LLC raised its stake in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC raised its position in Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares in the last quarter. Perkins Coie Trust Co raised its position in Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after acquiring an additional 12 shares in the last quarter. Horizon Wealth Management LLC lifted its holdings in Costco Wholesale by 4.7% in the third quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock valued at $237,000 after acquiring an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC boosted its position in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock worth $318,000 after purchasing an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $924.70 on Tuesday. The company’s 50-day moving average is $948.69 and its two-hundred day moving average is $899.73. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a market capitalization of $410.47 billion, a price-to-earnings ratio of 54.30, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Evercore ISI lifted their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

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.