Elmwood Wealth Management Inc. Sells 57 Shares of Costco Wholesale Co. (NASDAQ:COST)

Elmwood Wealth Management Inc. decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,668 shares of the retailer’s stock after selling 57 shares during the period. Costco Wholesale makes up 1.4% of Elmwood Wealth Management Inc.’s holdings, making the stock its 24th biggest position. Elmwood Wealth Management Inc.’s holdings in Costco Wholesale were worth $3,360,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Enterprise Bank & Trust Co increased its position in Costco Wholesale by 2.0% during the 4th quarter. Enterprise Bank & Trust Co now owns 7,317 shares of the retailer’s stock worth $6,704,000 after buying an additional 140 shares during the period. Grassi Investment Management increased its position in Costco Wholesale by 6.5% during the 4th quarter. Grassi Investment Management now owns 5,155 shares of the retailer’s stock worth $4,723,000 after buying an additional 315 shares during the period. Clean Yield Group increased its position in Costco Wholesale by 54.6% during the 4th quarter. Clean Yield Group now owns 705 shares of the retailer’s stock worth $646,000 after buying an additional 249 shares during the period. Forza Wealth Management LLC grew its holdings in shares of Costco Wholesale by 16.3% during the 4th quarter. Forza Wealth Management LLC now owns 3,080 shares of the retailer’s stock worth $2,822,000 after purchasing an additional 431 shares in the last quarter. Finally, Accelerate Investment Advisors LLC grew its holdings in shares of Costco Wholesale by 143.3% during the 4th quarter. Accelerate Investment Advisors LLC now owns 596 shares of the retailer’s stock worth $546,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of several research reports. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Evercore ISI boosted their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insider Transactions at Costco Wholesale

In other 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 value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $924.70 on Tuesday. The stock has a 50-day moving average price of $948.69 and a 200-day moving average price of $899.73. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $410.47 billion, a P/E ratio of 54.30, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Announces Dividend

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

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.