Crew Capital Management Ltd. Acquires New Stake in Costco Wholesale Co. (NASDAQ:COST)

Crew Capital Management Ltd. acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 226 shares of the retailer’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at $29,000. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $31,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $35,000. Finally, Barrett & Company Inc. boosted its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on COST shares. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Loop Capital boosted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.0 %

Shares of NASDAQ:COST opened at $1,036.87 on Wednesday. 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 1 year low of $697.27 and a 1 year high of $1,078.24. The stock has a market capitalization of $460.27 billion, a P/E ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84. The stock has a 50-day simple moving average of $986.01 and a 200-day simple moving average of $941.00.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

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.