McDonough Capital Management Inc Raises Position in Costco Wholesale Co. (NASDAQ:COST)

McDonough Capital Management Inc lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,485 shares of the retailer’s stock after acquiring an additional 540 shares during the period. Costco Wholesale makes up 2.5% of McDonough Capital Management Inc’s investment portfolio, making the stock its 12th largest position. McDonough Capital Management Inc’s holdings in Costco Wholesale were worth $4,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Swedbank AB increased its position in shares of Costco Wholesale by 1.5% during the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after acquiring an additional 6,495 shares during the last quarter. Intact Investment Management Inc. bought a new position in Costco Wholesale during the third quarter valued at $390,000. Tobias Financial Advisors Inc. grew its holdings in Costco Wholesale by 3.5% during the third quarter. Tobias Financial Advisors Inc. now owns 359 shares of the retailer’s stock valued at $319,000 after purchasing an additional 12 shares during the period. Balentine LLC bought a new position in Costco Wholesale during the third quarter valued at $1,591,000. Finally, Beacon Financial Advisory LLC grew its holdings in Costco Wholesale by 4.1% during the third quarter. Beacon Financial Advisory LLC now owns 719 shares of the retailer’s stock valued at $637,000 after purchasing an additional 28 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 1.0 %

NASDAQ COST opened at $1,047.75 on Thursday. The stock’s 50-day simple moving average is $987.79 and its two-hundred day simple moving average is $941.75. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $465.10 billion, a price-to-earnings ratio of 61.52, a PEG ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COST shares. Jefferies Financial Group increased their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays increased their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Roth Mkm increased their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.