Madison Park Capital Advisors LLC Sells 2,355 Shares of Costco Wholesale Co. (NASDAQ:COST)

Madison Park Capital Advisors LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 87.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334 shares of the retailer’s stock after selling 2,355 shares during the quarter. Madison Park Capital Advisors LLC’s holdings in Costco Wholesale were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares during the last quarter. Hudson Value Partners LLC boosted its stake in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC bought a new position in Costco Wholesale during the third quarter valued at $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $8,430,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on COST. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays raised their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Costco Wholesale stock opened at $942.16 on Friday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The stock has a market cap of $418.22 billion, a PE ratio of 55.32, a price-to-earnings-growth ratio of 5.65 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 has a 50-day moving average of $950.56 and a two-hundred day moving average of $903.04.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.