EWG Elevate Inc. Sells 171 Shares of Costco Wholesale Co. (NASDAQ:COST)

EWG Elevate Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 20.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 684 shares of the retailer’s stock after selling 171 shares during the quarter. EWG Elevate Inc.’s holdings in Costco Wholesale were worth $627,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its position in shares of Costco Wholesale by 1.1% in the fourth quarter. Matrix Trust Co now owns 2,491 shares of the retailer’s stock valued at $2,282,000 after purchasing an additional 28 shares during the period. Aprio Wealth Management LLC increased its holdings in Costco Wholesale by 4.5% in the 4th quarter. Aprio Wealth Management LLC now owns 1,593 shares of the retailer’s stock valued at $1,459,000 after buying an additional 68 shares during the period. Czech National Bank boosted its stake in Costco Wholesale by 6.4% in the fourth quarter. Czech National Bank now owns 96,068 shares of the retailer’s stock valued at $88,024,000 after buying an additional 5,756 shares in the last quarter. RMR Wealth Builders grew its stake in shares of Costco Wholesale by 1.7% during the fourth quarter. RMR Wealth Builders now owns 4,786 shares of the retailer’s stock worth $4,386,000 after buying an additional 78 shares during the last quarter. Finally, Atlas Brown Inc. grew its holdings in shares of Costco Wholesale by 4.9% during the fourth quarter. Atlas Brown Inc. now owns 4,634 shares of the retailer’s stock worth $4,246,000 after purchasing an additional 215 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 1.0 %

NASDAQ:COST opened at $936.94 on Monday. Costco Wholesale Co. has a 52 week low of $667.64 and a 52 week high of $1,008.25. The business’s 50 day moving average is $947.92 and its two-hundred day moving average is $899.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market cap of $415.91 billion, a PE ratio of 55.02, a P/E/G ratio of 6.02 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. Finally, TD Cowen upped 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 note 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. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Insiders Place Their Bets

In other Costco Wholesale news, 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 transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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.