Boltwood Capital Management Has $1.15 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Boltwood Capital Management increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 40.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,260 shares of the retailer’s stock after acquiring an additional 361 shares during the quarter. Boltwood Capital Management’s holdings in Costco Wholesale were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $58,000. Fairway Wealth LLC grew its stake in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $71,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.9 %

Costco Wholesale stock traded up $8.38 during midday trading on Monday, reaching $924.96. The stock had a trading volume of 602,627 shares, compared to its average volume of 1,299,572. The company has a fifty day moving average price of $943.38 and a two-hundred day moving average price of $896.64. The company has a market capitalization of $410.59 billion, a P/E ratio of 54.31, a PEG ratio of 6.02 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12 month low of $654.03 and a 12 month high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,816 shares of company stock valued at $6,981,347. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COST. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.