Costco Wholesale Co. (COST) Holdings Lifted by Nwam LLC
Nwam LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,919 shares of the retailer’s stock after acquiring an additional 63 shares during the period. Costco Wholesale comprises 1.0% of Nwam LLC’s holdings, making the stock its 23rd biggest holding. Nwam LLC’s holdings in Costco Wholesale were worth $3,854,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lenox Wealth Management Inc. boosted its holdings in Costco Wholesale by 125.9% in the fourth quarter. Lenox Wealth Management Inc. now owns 122 shares of the retailer’s stock valued at $25,000 after acquiring an additional 68 shares during the last quarter. Csenge Advisory Group bought a new stake in Costco Wholesale in the third quarter valued at approximately $29,000. Evolution Wealth Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $41,000. Mackey Komara & Dankovich LLC bought a new stake in Costco Wholesale in the fourth quarter valued at approximately $41,000. Finally, Legacy Financial Advisors Inc. boosted its holdings in Costco Wholesale by 87.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 368 shares of the retailer’s stock valued at $75,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 78.27% of the company’s stock.
Shares of COST opened at $207.75 on Monday. Costco Wholesale Co. has a 52-week low of $175.79 and a 52-week high of $245.16. The company has a current ratio of 1.02, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 2.72 and a beta of 0.94.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Shareholders of record on Friday, February 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 33.38%.
In other news, Director Susan L. Decker sold 739 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $205.00, for a total transaction of $151,495.00. Following the transaction, the director now directly owns 52,249 shares of the company’s stock, valued at $10,711,045. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 1,611 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $206.15, for a total value of $332,107.65. Following the transaction, the director now directly owns 51,389 shares in the company, valued at $10,593,842.35. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.
COST has been the topic of several analyst reports. Oppenheimer reduced their target price on Costco Wholesale from $262.00 to $240.00 in a report on Friday, December 14th. BMO Capital Markets set a $258.00 target price on Costco Wholesale and gave the company a “buy” rating in a report on Friday, December 14th. Bank of America reiterated a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a report on Friday, December 14th. Loop Capital reduced their target price on Costco Wholesale to $260.00 and set a “buy” rating on the stock in a report on Friday, December 14th. Finally, Argus reiterated a “buy” rating and issued a $245.00 target price (down from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $242.15.
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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