Hohimer Wealth Management LLC Has $4.11 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Hohimer Wealth Management LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,223 shares of the retailer’s stock after selling 199 shares during the period. Costco Wholesale makes up approximately 1.0% of Hohimer Wealth Management LLC’s holdings, making the stock its 25th biggest position. Hohimer Wealth Management LLC’s holdings in Costco Wholesale were worth $4,108,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Richelieu Gestion SA bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $25,000. Morton Brown Family Wealth LLC lifted its position in Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Costco Wholesale during the fourth quarter valued at about $30,000. Valued Wealth Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $49,000. Finally, Aspire Private Capital LLC grew its position in shares of Costco Wholesale by 122.0% in the third quarter. Aspire Private Capital LLC now owns 91 shares of the retailer’s stock valued at $52,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oppenheimer boosted their price objective on Costco Wholesale from $805.00 to $850.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group increased their price objective on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a research report on Monday, May 6th. DA Davidson reiterated a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. Finally, Citigroup raised their price target on shares of Costco Wholesale from $630.00 to $710.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $696.88.

Costco Wholesale Price Performance

NASDAQ COST traded down $5.21 during trading hours on Thursday, reaching $796.65. 872,130 shares of the company’s stock were exchanged, compared to its average volume of 1,967,454. The firm has a fifty day moving average of $739.71 and a 200-day moving average of $693.12. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $808.05. The stock has a market cap of $353.31 billion, a PE ratio of 52.60, a price-to-earnings-growth ratio of 5.33 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts predict that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were paid a dividend of $1.16 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is 30.35%.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

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.