CGC Financial Services LLC Acquires 55 Shares of Costco Wholesale Co. (NASDAQ:COST)

CGC Financial Services LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 387 shares of the retailer’s stock after acquiring an additional 55 shares during the period. CGC Financial Services LLC’s holdings in Costco Wholesale were worth $355,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $41,000. Retirement Wealth Solutions LLC bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. UBS Group upped their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.6 %

Shares of Costco Wholesale stock opened at $1,005.83 on Tuesday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,009.61. 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 company has a market capitalization of $446.49 billion, a P/E ratio of 59.06, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The business has a 50-day moving average of $954.51 and a two-hundred day moving average of $908.28.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.46%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.