Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,169 shares of the retailer’s stock after buying an additional 30 shares during the quarter. Jacobi Capital Management LLC’s holdings in Costco Wholesale were worth $2,903,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during 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 about $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $35,000. Barrett & Company Inc. grew its position in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.6 %

Shares of COST stock opened at $1,048.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a 50 day moving average price of $982.51 and a 200 day moving average price of $937.59. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.