Sigma Planning Corp increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,781 shares of the retailer’s stock after purchasing an additional 1,182 shares during the quarter. Sigma Planning Corp’s holdings in Costco Wholesale were worth $8,207,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Bellwether Advisors LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $37,000. DB Wealth Management Group LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $38,000. Horan Capital Advisors LLC. bought a new position in Costco Wholesale in the 3rd quarter valued at about $39,000. Key Financial Inc bought a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $41,000. Finally, Adams Wealth Management acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $47,000. 67.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of COST traded down $3.25 during mid-day trading on Tuesday, hitting $346.96. 85,153 shares of the stock were exchanged, compared to its average volume of 2,419,829. The company has a market cap of $153.69 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 4.17 and a beta of 0.66. Costco Wholesale Co. has a 52-week low of $271.28 and a 52-week high of $393.15. The firm has a 50-day moving average of $359.83 and a two-hundred day moving average of $361.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98.
The company also recently announced a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Friday, February 5th were issued a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 4th. Costco Wholesale’s dividend payout ratio is 31.64%.
Several research firms recently commented on COST. Royal Bank of Canada lifted their target price on shares of Costco Wholesale from $412.00 to $419.00 in a research report on Thursday, November 5th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $375.00 to $410.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 4th. Loop Capital boosted their price target on shares of Costco Wholesale from $415.00 to $425.00 and gave the stock a “buy” rating in a research report on Thursday, December 3rd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target on the stock in a research report on Tuesday, February 2nd. Finally, Raymond James boosted their price target on shares of Costco Wholesale from $365.00 to $405.00 and gave the stock an “outperform” rating in a research report on Friday, November 13th. Eleven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $386.08.
In related news, Director Susan L. Decker sold 694 shares of the company’s stock in a transaction on Wednesday, January 27th. The stock was sold at an average price of $363.35, for a total transaction of $252,164.90. Following the completion of the sale, the director now directly owns 19,047 shares in the company, valued at approximately $6,920,727.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Patrick J. Callans sold 2,500 shares of the company’s stock in a transaction on Monday, December 14th. The stock was sold at an average price of $374.65, for a total value of $936,625.00. Following the sale, the vice president now owns 59,838 shares of the company’s stock, valued at $22,418,306.70. The disclosure for this sale can be found here. Insiders sold a total of 21,269 shares of company stock valued at $7,878,998 over the last quarter. Company insiders own 0.22% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.
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