Charter Oak Capital Management LLC Makes New $218,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Charter Oak Capital Management LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 238 shares of the retailer’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

COST opened at $964.02 on Thursday. The firm has a market capitalization of $427.93 billion, a P/E ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The stock’s 50 day moving average price is $953.06 and its two-hundred day moving average price is $905.62. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $690.80 and a 12-month high of $1,008.25.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of several analyst reports. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. DA Davidson increased their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine equities 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.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale 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.