One Wealth Capital Management LLC Takes $259,000 Position in Costco Wholesale Co. (NASDAQ:COST)

One Wealth Capital Management LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 283 shares of the retailer’s stock, valued at approximately $259,000.

Several other institutional investors have also added to or reduced their stakes in COST. Geode Capital Management LLC boosted its position in shares of Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after acquiring an additional 162,191 shares during the period. FMR LLC raised its stake in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Legal & General Group Plc grew its position in shares of Costco Wholesale by 2.5% during the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after purchasing an additional 88,550 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock worth $3,013,394,000 after purchasing an additional 125,444 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Wells Fargo & Company boosted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. Stifel Nicolaus boosted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Finally, The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,816 shares of company stock valued at $6,981,347. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ:COST traded down $1.71 during mid-day trading on Tuesday, reaching $921.00. 1,159,572 shares of the company’s stock were exchanged, compared to its average volume of 1,597,046. 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 Co. has a twelve month low of $654.03 and a twelve month high of $1,008.25. The firm has a market capitalization of $408.83 billion, a price-to-earnings ratio of 54.08, a PEG ratio of 6.02 and a beta of 0.84. The business’s fifty day moving average price is $944.01 and its 200-day moving average price is $897.06.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.