Nelson Capital Management LLC Sells 524 Shares of Costco Wholesale Co. (NASDAQ:COST)

Nelson Capital Management LLC lowered its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,887 shares of the retailer’s stock after selling 524 shares during the period. Costco Wholesale makes up 1.5% of Nelson Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Nelson Capital Management LLC’s holdings in Costco Wholesale were worth $9,059,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Strategic Financial Concepts LLC lifted its stake in Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after purchasing an additional 795,345 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares during the period. Pathway Financial Advisers LLC boosted its stake in Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after buying an additional 338,489 shares in the last quarter. FMR LLC grew its position in Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Costco Wholesale during the fourth quarter worth $157,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,055.66 on Wednesday. The stock’s fifty day simple moving average is $977.94 and its 200 day simple moving average is $935.03. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $468.61 billion, a PE ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Roth Mkm lifted their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Finally, BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Read Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Profile

(Free Report)

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.

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

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