Personal CFO Solutions LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

Personal CFO Solutions LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,352 shares of the retailer’s stock after purchasing an additional 47 shares during the quarter. Personal CFO Solutions LLC’s holdings in Costco Wholesale were worth $1,239,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the period. Nwam LLC purchased a new stake in shares of Costco Wholesale in the third quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $8,430,000. GAMMA Investing LLC boosted its holdings in shares of Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares during the period. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $984,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Loop Capital lowered their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Truist Financial upped their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Price Performance

NASDAQ COST opened at $964.31 on Friday. 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 stock’s fifty day moving average price is $989.69 and its 200 day moving average price is $943.44. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The company has a market cap of $428.06 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, equities research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.