Nordea Investment Management AB Has $27.72 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Nordea Investment Management AB lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Everence Capital Management Inc. increased its stake in Costco Wholesale by 15.4% in the fourth quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock valued at $10,916,000 after purchasing an additional 1,590 shares in the last quarter. Modus Advisors LLC increased its position in Costco Wholesale by 8.0% in the 4th quarter. Modus Advisors LLC now owns 1,777 shares of the retailer’s stock valued at $1,629,000 after buying an additional 131 shares in the last quarter. GAMMA Investing LLC raised its stake in Costco Wholesale by 15.0% during the 4th 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 during the period. Versant Capital Management Inc boosted its holdings in Costco Wholesale by 32.6% in the fourth quarter. Versant Capital Management Inc now owns 627 shares of the retailer’s stock worth $575,000 after acquiring an additional 154 shares in the last quarter. Finally, Peirce Capital Management LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $332,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on COST. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. 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 report on Friday, December 13th. Finally, Melius Research began coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Down 0.1 %

Shares of NASDAQ COST opened at $921.37 on Wednesday. The business’s fifty day moving average price is $944.70 and its 200-day moving average price is $897.58. Costco Wholesale Co. has a one year low of $654.03 and a one year high of $1,008.25. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale Announces Dividend

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

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,816 shares of company stock worth $6,981,347. 0.18% of the stock is owned by corporate 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.