Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Tsfg LLC

Tsfg LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 985 shares of the retailer’s stock after buying an additional 108 shares during the period. Tsfg LLC’s holdings in Costco Wholesale were worth $903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third 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 valued at $56,000 after purchasing an additional 46 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC purchased a new position in Costco Wholesale in the 3rd quarter worth about $71,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 1.3 %

COST stock opened at $924.70 on Tuesday. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market cap of $410.47 billion, a PE ratio of 54.30, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The business’s 50-day simple moving average is $948.69 and its 200 day simple moving average is $899.73.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid 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 yield of 0.50%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Insider Activity

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COST shares. DA Davidson raised their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Truist Financial raised their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. UBS Group boosted their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Melius Research initiated coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.