Westhampton Capital LLC Has $2.96 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Westhampton Capital LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,233 shares of the retailer’s stock after selling 23 shares during the period. Costco Wholesale accounts for 1.5% of Westhampton Capital LLC’s holdings, making the stock its 14th biggest holding. Westhampton Capital LLC’s holdings in Costco Wholesale were worth $2,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fermata Advisors LLC raised its stake in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the period. Sculati Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC grew its position in Costco Wholesale by 0.9% in 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. Finally, Scott Capital Advisors LLC increased its stake in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Costco Wholesale stock opened at $979.88 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a fifty-two week low of $691.50 and a fifty-two week high of $1,008.25. The stock has a market cap of $434.97 billion, a P/E ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The firm’s fifty day moving average price is $954.19 and its 200-day moving average price is $906.54.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COST shares. UBS Group lifted 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. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein started coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Jefferies Financial Group lifted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale 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.