MWA Asset Management Has $3.81 Million Position in Costco Wholesale Co. (NASDAQ:COST)

MWA Asset Management lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 4th quarter, Holdings Channel reports. The fund owned 4,159 shares of the retailer’s stock after selling 40 shares during the period. Costco Wholesale makes up 2.5% of MWA Asset Management’s portfolio, making the stock its 9th largest holding. MWA Asset Management’s holdings in Costco Wholesale were worth $3,811,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter valued at $33,000. Barrett & Company Inc. increased its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $55,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the subject of several research analyst reports. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Evercore ISI boosted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,043.81 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The business’s fifty day moving average is $961.27 and its 200 day moving average is $914.00. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.