Apriem Advisors Has $2.25 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Apriem Advisors lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,458 shares of the retailer’s stock after buying an additional 65 shares during the quarter. Apriem Advisors’ holdings in Costco Wholesale were worth $2,253,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its stake in Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares in the last quarter. 44 Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after acquiring an additional 10 shares in the last quarter. SRN Advisors LLC raised its holdings in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares during the last quarter. Sculati Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares in the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 2.2 %

Shares of COST stock opened at $1,031.97 on Thursday. The business has a 50-day moving average price of $979.28 and a two-hundred day moving average price of $935.71. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $458.09 billion, a P/E ratio of 60.60, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

COST has been the subject of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

About Costco Wholesale

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.