Nelson Capital Management LLC Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Nelson Capital Management LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,887 shares of the retailer’s stock after selling 524 shares during the quarter. Costco Wholesale accounts for 1.5% of Nelson Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Nelson Capital Management LLC’s holdings in Costco Wholesale were worth $9,059,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COST. Cromwell Holdings LLC boosted its position 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 purchasing an additional 10 shares during the period. 44 Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after acquiring an additional 10 shares during the period. Sculati Wealth Management LLC increased its holdings in shares of Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after acquiring an additional 11 shares during the period. Sivia Capital Partners LLC lifted its position in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares during the last quarter. Finally, Gill Capital Partners LLC boosted its stake in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Loop Capital upped their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Robert W. Baird raised their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Up 1.9 %

NASDAQ:COST opened at $1,055.66 on Wednesday. The company’s 50 day moving average is $977.94 and its 200-day moving average is $935.03. 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 12 month low of $697.27 and a 12 month high of $1,078.23. The firm has a market cap of $468.61 billion, a price-to-earnings ratio of 61.99, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 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.