Jmac Enterprises LLC Purchases 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jmac Enterprises LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,401 shares of the retailer’s stock after purchasing an additional 19 shares during the period. Jmac Enterprises LLC’s holdings in Costco Wholesale were worth $1,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Costco Wholesale by 1.2% in 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 purchasing an additional 32,074 shares in the last quarter. Hudson Value Partners LLC boosted its stake in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale in the 3rd quarter valued at about $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $8,430,000. Finally, GAMMA Investing LLC raised its holdings in Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after acquiring an additional 1,001 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird upped 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 report on Thursday, December 5th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Shares of COST opened at $1,065.12 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $472.81 billion, a PE ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84. The firm’s 50 day moving average is $964.53 and its 200-day moving average is $918.45. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,067.00.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.