WMG Financial Advisors LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

WMG Financial Advisors LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 26.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 547 shares of the retailer’s stock after purchasing an additional 113 shares during the quarter. WMG Financial Advisors LLC’s holdings in Costco Wholesale were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COST. Swedbank AB raised its holdings in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after purchasing an additional 6,495 shares during the period. Van ECK Associates Corp increased its position in Costco Wholesale by 8.3% in the third quarter. Van ECK Associates Corp now owns 123,292 shares of the retailer’s stock worth $110,861,000 after buying an additional 9,447 shares in the last quarter. Lansing Street Advisors raised its stake in shares of Costco Wholesale by 31.4% in the third quarter. Lansing Street Advisors now owns 339 shares of the retailer’s stock worth $300,000 after buying an additional 81 shares during the period. Kanawha Capital Management LLC lifted its position in shares of Costco Wholesale by 2.2% during the 3rd quarter. Kanawha Capital Management LLC now owns 16,044 shares of the retailer’s stock valued at $14,223,000 after buying an additional 345 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its stake in shares of Costco Wholesale by 3.2% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 2,930 shares of the retailer’s stock valued at $2,621,000 after acquiring an additional 91 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Raymond James raised their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, DA Davidson upped their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.2 %

Shares of COST opened at $1,046.85 on Tuesday. The company’s fifty day simple moving average is $984.45 and its 200-day simple moving average is $939.83. The company has a market cap of $464.70 billion, a P/E ratio of 61.47, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale 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.