BCS Wealth Management Trims Stock Position in Costco Wholesale Co. (NASDAQ:COST)

BCS Wealth Management trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 886 shares of the retailer’s stock after selling 89 shares during the quarter. BCS Wealth Management’s holdings in Costco Wholesale were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth about $29,000. Fairway Wealth LLC lifted its holdings in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $58,000. Christopher J. Hasenberg Inc boosted its position in 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 in the last quarter. Finally, VitalStone Financial LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $71,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

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

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital raised their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. DA Davidson upped their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday, January 9th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on 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 owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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.