Costco Wholesale Co. (COST) Holdings Lifted by Nwam LLC

Nwam LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,919 shares of the retailer’s stock after purchasing an additional 63 shares during the quarter. Costco Wholesale accounts for 1.0% of Nwam LLC’s investment portfolio, making the stock its 23rd largest position. Nwam LLC’s holdings in Costco Wholesale were worth $3,854,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bigelow Investment Advisors LLC raised its holdings in shares of Costco Wholesale by 3.3% in the 4th quarter. Bigelow Investment Advisors LLC now owns 1,575 shares of the retailer’s stock valued at $321,000 after acquiring an additional 50 shares in the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Costco Wholesale by 2.1% in the 3rd quarter. Cornerstone Advisors Inc. now owns 2,557 shares of the retailer’s stock valued at $601,000 after acquiring an additional 53 shares in the last quarter. Truewealth LLC raised its holdings in shares of Costco Wholesale by 2.6% in the 4th quarter. Truewealth LLC now owns 2,216 shares of the retailer’s stock valued at $451,000 after acquiring an additional 56 shares in the last quarter. Wendell David Associates Inc. raised its holdings in shares of Costco Wholesale by 4.6% in the 4th quarter. Wendell David Associates Inc. now owns 1,374 shares of the retailer’s stock valued at $280,000 after acquiring an additional 60 shares in the last quarter. Finally, Mount Vernon Associates Inc. MD raised its holdings in shares of Costco Wholesale by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 13,137 shares of the retailer’s stock valued at $2,676,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 78.27% of the company’s stock.

COST opened at $207.75 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.48 and a current ratio of 1.02. Costco Wholesale Co. has a 1 year low of $175.79 and a 1 year high of $245.16. The company has a market cap of $91.51 billion, a P/E ratio of 30.42, a P/E/G ratio of 2.72 and a beta of 0.94.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, December 13th. The retailer reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.01). Costco Wholesale had a return on equity of 24.54% and a net margin of 2.25%. The company had revenue of $34.31 billion for the quarter, compared to the consensus estimate of $34.66 billion. During the same quarter in the previous year, the business earned $1.45 earnings per share. Costco Wholesale’s revenue was up 10.3% compared to the same quarter last year. Research analysts forecast that Costco Wholesale Co. will post 7.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.28 annualized dividend and a yield of 1.10%. Costco Wholesale’s payout ratio is 33.38%.

In related news, Director Susan L. Decker sold 1,611 shares of the firm’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 transaction of $332,107.65. Following the transaction, the director now directly owns 51,389 shares in the company, valued at approximately $10,593,842.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 739 shares of the firm’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 value of $151,495.00. Following the transaction, the director now owns 52,249 shares in the company, valued at $10,711,045. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Several research firms have weighed in on COST. BMO Capital Markets set a $258.00 price target on Costco Wholesale and gave the company a “buy” rating in a report on Friday, December 14th. BidaskClub cut Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. Barclays reaffirmed a “hold” rating and issued a $225.00 price target on shares of Costco Wholesale in a report on Wednesday, January 9th. Argus reaffirmed a “buy” rating and issued a $245.00 price target (down previously from $255.00) on shares of Costco Wholesale in a report on Monday, December 24th. They noted that the move was a valuation call. Finally, Oppenheimer lowered their price target on Costco Wholesale from $262.00 to $240.00 in a report on Friday, December 14th. Seven analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $242.15.

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Costco Wholesale Profile

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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