Processus Wealth & Capital Management LLC Cuts Stake in Costco Wholesale Co. (NASDAQ:COST)

Processus Wealth & Capital Management LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,575 shares of the retailer’s stock after selling 215 shares during the quarter. Costco Wholesale accounts for about 3.3% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Processus Wealth & Capital Management LLC’s holdings in Costco Wholesale were worth $4,192,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 32,074 shares during the last quarter. Hudson Value Partners LLC increased its holdings in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter worth about $8,430,000. Finally, GAMMA Investing LLC increased 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 period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST stock opened at $1,035.60 on Tuesday. The firm has a market capitalization of $459.70 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business has a 50 day simple moving average of $976.47 and a 200-day simple moving average of $933.62.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on COST shares. Jefferies Financial Group upped 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. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.