Cardano Risk Management B.V. Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cardano Risk Management B.V. boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,415 shares of the retailer’s stock after purchasing an additional 504 shares during the period. Costco Wholesale comprises 2.0% of Cardano Risk Management B.V.’s portfolio, making the stock its 14th largest position. Cardano Risk Management B.V.’s holdings in Costco Wholesale were worth $127,742,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale during the 3rd quarter worth approximately $29,000. Fairway Wealth LLC lifted its holdings in shares of Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $71,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group raised their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their target price on 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. Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their target price on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was 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 owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 1.2 %

Shares of Costco Wholesale stock traded down $10.79 during midday trading on Monday, hitting $926.15. The company’s stock had a trading volume of 605,389 shares, compared to its average volume of 1,763,207. The firm has a market capitalization of $411.12 billion, a P/E ratio of 54.38, a PEG ratio of 6.02 and a beta of 0.84. The stock has a 50-day simple moving average of $947.92 and a 200-day simple moving average of $899.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25.

Costco Wholesale Dividend Announcement

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