Northwest Capital Management Inc Has $971,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Northwest Capital Management Inc trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,060 shares of the retailer’s stock after selling 201 shares during the period. Northwest Capital Management Inc’s holdings in Costco Wholesale were worth $971,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COST. Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Hudson Value Partners LLC raised its stake in shares of Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC boosted its stake in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after acquiring an additional 1,001 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.0 %

NASDAQ COST opened at $1,035.03 on Monday. The stock has a market capitalization of $459.45 billion, a price-to-earnings ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The stock’s 50 day moving average price is $975.61 and its two-hundred day moving average price is $932.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. 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 report on Tuesday, December 10th. Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Robert W. Baird upped their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.