L.M. Kohn & Company Has $14.17 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

L.M. Kohn & Company lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,469 shares of the retailer’s stock after selling 40 shares during the period. Costco Wholesale comprises about 3.7% of L.M. Kohn & Company’s investment portfolio, making the stock its 5th biggest holding. L.M. Kohn & Company’s holdings in Costco Wholesale were worth $14,174,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Hudson Value Partners LLC lifted its position in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares in the last quarter. Nwam LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $8,430,000. Finally, GAMMA Investing LLC lifted its position in shares of Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after buying an additional 1,001 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on COST. DA Davidson boosted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,071.85 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock’s fifty day moving average price is $969.49 and its 200 day moving average price is $923.13. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company has a market cap of $475.79 billion, a price-to-earnings ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.