BKM Wealth Management LLC Lowers Stake in Costco Wholesale Co. (NASDAQ:COST)

BKM Wealth Management LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,193 shares of the retailer’s stock after selling 149 shares during the quarter. BKM Wealth Management LLC’s holdings in Costco Wholesale were worth $2,009,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial purchased a new stake in Costco Wholesale in the fourth quarter worth about $35,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the fourth quarter worth about $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COST shares. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup boosted 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. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 1.5 %

Costco Wholesale stock opened at $1,056.03 on Wednesday. The firm has a market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The business’s 50-day moving average price is $972.43 and its 200 day moving average price is $927.29. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.