Nordea Investment Management AB Buys 7,944 Shares of Costco Wholesale Co. (NASDAQ:COST)

Nordea Investment Management AB increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 35.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 30,220 shares of the retailer’s stock after buying an additional 7,944 shares during the period. Nordea Investment Management AB’s holdings in Costco Wholesale were worth $27,720,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale during the 3rd quarter worth $58,000. Fairway Wealth LLC lifted its holdings in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Costco Wholesale by 329.4% in the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares during the period. Finally, VitalStone Financial LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at about $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Friday, January 3rd. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.1 %

NASDAQ:COST opened at $921.37 on Wednesday. Costco Wholesale Co. has a one year low of $654.03 and a one year high of $1,008.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company has a market cap of $409.00 billion, a PE ratio of 54.10, a P/E/G ratio of 6.02 and a beta of 0.84. The firm’s 50 day simple moving average is $944.70 and its 200 day simple moving average is $897.58.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,816 shares of company stock worth $6,981,347 over the last three months. Company insiders own 0.18% of the company’s stock.

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.