Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by New Century Financial Group LLC

New Century Financial Group LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680 shares of the retailer’s stock after buying an additional 94 shares during the period. New Century Financial Group LLC’s holdings in Costco Wholesale were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. FCG Investment Co boosted its holdings in shares of Costco Wholesale by 11.9% in the fourth quarter. FCG Investment Co now owns 3,163 shares of the retailer’s stock valued at $2,898,000 after acquiring an additional 336 shares in the last quarter. Yeomans Consulting Group Inc. boosted its stake in Costco Wholesale by 7.2% during the 4th quarter. Yeomans Consulting Group Inc. now owns 519 shares of the retailer’s stock valued at $476,000 after purchasing an additional 35 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of Costco Wholesale by 8.0% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 796 shares of the retailer’s stock valued at $729,000 after purchasing an additional 59 shares during the period. Veracity Capital LLC raised its stake in shares of Costco Wholesale by 4.9% in the 4th quarter. Veracity Capital LLC now owns 1,505 shares of the retailer’s stock worth $1,379,000 after buying an additional 70 shares in the last quarter. Finally, Secure Asset Management LLC lifted its holdings in shares of Costco Wholesale by 89.3% in the fourth quarter. Secure Asset Management LLC now owns 2,296 shares of the retailer’s stock valued at $2,103,000 after buying an additional 1,083 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $939.68 on Friday. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The stock’s 50-day moving average is $950.92 and its two-hundred day moving average is $903.31. 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 firm has a market cap of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company increased 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 note on Friday, December 13th. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Evercore ISI raised their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, DA Davidson boosted their target price on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.