Calamos Wealth Management LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Calamos Wealth Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,389 shares of the retailer’s stock after acquiring an additional 120 shares during the period. Calamos Wealth Management LLC’s holdings in Costco Wholesale were worth $6,770,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB bought a new position in Costco Wholesale during the 3rd quarter worth approximately $42,896,000. Czech National Bank lifted its stake in Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after purchasing an additional 5,799 shares during the last quarter. Everpar Advisors LLC boosted its holdings in Costco Wholesale by 3.3% in the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock worth $478,000 after purchasing an additional 17 shares during the period. Security National Bank increased its stake in Costco Wholesale by 4.4% during the third quarter. Security National Bank now owns 824 shares of the retailer’s stock valued at $730,000 after purchasing an additional 35 shares during the last quarter. Finally, Bath Savings Trust Co raised its holdings in shares of Costco Wholesale by 0.4% during the third quarter. Bath Savings Trust Co now owns 21,821 shares of the retailer’s stock worth $19,345,000 after purchasing an additional 81 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Evercore ISI boosted their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group increased their target price on 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. Finally, TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,021.86 on Wednesday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,024.35. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average of $955.41 and a two-hundred day moving average of $909.45. The company has a market capitalization of $453.60 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

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.