EverSource Wealth Advisors LLC Has $9.83 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

EverSource Wealth Advisors LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,726 shares of the retailer’s stock after acquiring an additional 757 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Costco Wholesale were worth $9,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COST. TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Evercore ISI lifted their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Tuesday. Robert W. Baird lifted their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,030.43.

Costco Wholesale Stock Down 0.4 %

NASDAQ COST opened at $930.49 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a 50 day moving average of $990.22 and a 200-day moving average of $944.64. The company has a market cap of $413.04 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, equities research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.