Wellington Shields & Co. LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900 shares of the retailer’s stock after buying an additional 200 shares during the period. Wellington Shields & Co. LLC’s holdings in Costco Wholesale were worth $339,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC boosted its stake in shares of Costco Wholesale by 62.4% during the 3rd quarter. Kingsview Wealth Management LLC now owns 20,081 shares of the retailer’s stock worth $7,129,000 after purchasing an additional 7,713 shares during the period. Vanguard Capital Wealth Advisors purchased a new stake in Costco Wholesale in the 4th quarter valued at about $356,000. Brasada Capital Management LP boosted its position in Costco Wholesale by 8.0% in the 4th quarter. Brasada Capital Management LP now owns 20,193 shares of the retailer’s stock valued at $7,608,000 after buying an additional 1,497 shares during the period. Wade G W & Inc. boosted its position in Costco Wholesale by 83.5% in the 4th quarter. Wade G W & Inc. now owns 7,641 shares of the retailer’s stock valued at $2,879,000 after buying an additional 3,478 shares during the period. Finally, Private Trust Co. NA boosted its position in Costco Wholesale by 0.8% in the 4th quarter. Private Trust Co. NA now owns 12,416 shares of the retailer’s stock valued at $4,678,000 after buying an additional 93 shares during the period. 67.21% of the stock is owned by hedge funds and other institutional investors.

NASDAQ COST traded down $4.13 during mid-day trading on Tuesday, reaching $346.08. 65,555 shares of the stock were exchanged, compared to its average volume of 2,419,829. The business’s 50 day moving average is $359.83 and its 200-day moving average is $361.79. Costco Wholesale Co. has a 1 year low of $271.28 and a 1 year high of $393.15. The company has a market capitalization of $153.30 billion, a P/E ratio of 35.96, a P/E/G ratio of 4.17 and a beta of 0.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.53 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, December 9th. The retailer reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.24. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Co. will post 9.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 19th. Investors of record on Friday, February 5th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Thursday, February 4th. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.64%.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $320.00 to $360.00 and gave the company an “equal weight” rating in a research report on Thursday, December 3rd. Royal Bank of Canada boosted their price objective on shares of Costco Wholesale from $412.00 to $419.00 in a research report on Thursday, November 5th. Bank of America reissued a “buy” rating and issued a $422.00 price objective on shares of Costco Wholesale in a research report on Wednesday, December 2nd. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target for the company in a research report on Tuesday, February 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $430.00 price target on shares of Costco Wholesale in a research report on Wednesday, December 30th. Eleven analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $386.08.

In other Costco Wholesale news, VP Patrick J. Callans sold 2,500 shares of the stock in a transaction on Monday, December 14th. The shares were sold at an average price of $374.65, for a total transaction of $936,625.00. Following the transaction, the vice president now directly owns 59,838 shares of the company’s stock, valued at $22,418,306.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 694 shares of the stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $363.35, for a total transaction of $252,164.90. Following the transaction, the director now directly owns 19,047 shares in the company, valued at $6,920,727.45. The disclosure for this sale can be found here. Insiders have sold 21,269 shares of company stock worth $7,878,998 over the last three months. 0.22% of the stock is currently owned by insiders.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

Read More: Marijuana Stocks

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.