Brentview Investment Management LLC Invests $4.52 Million in Costco Wholesale Co. (NASDAQ:COST)

Brentview Investment Management LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,935 shares of the retailer’s stock, valued at approximately $4,522,000. Costco Wholesale accounts for 2.6% of Brentview Investment Management LLC’s holdings, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the third quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of analyst reports. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Loop Capital raised their price target 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. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.6 %

Shares of COST opened at $1,005.83 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,009.61. The stock has a market capitalization of $446.49 billion, a price-to-earnings ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. The stock has a fifty day moving average of $954.51 and a 200-day moving average of $908.28.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.46%. 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.