Sound View Wealth Advisors Group LLC Has $5.49 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sound View Wealth Advisors Group LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,987 shares of the retailer’s stock after selling 120 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Costco Wholesale were worth $5,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its position in shares of Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after acquiring an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Costco Wholesale by 55.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after acquiring an additional 382,367 shares in the last quarter. FMR LLC grew its stake in shares of Costco Wholesale by 3.6% in the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after acquiring an additional 324,973 shares in the last quarter. Finally, Amundi grew its stake in shares of Costco Wholesale by 11.2% in the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock valued at $2,132,519,000 after acquiring an additional 231,969 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 6.1 %

NASDAQ COST opened at $964.31 on Friday. The stock’s 50-day moving average price is $989.69 and its 200-day moving average price is $943.44. 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 52 week low of $697.27 and a 52 week high of $1,078.24. The company has a market capitalization of $428.06 billion, a P/E ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82.

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 the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COST shares. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Roth Mkm increased 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, JPMorgan Chase & Co. increased their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

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.