Jacksonville Wealth Management LLC Purchases New Position in Costco Wholesale Co. (NASDAQ:COST)

Jacksonville Wealth Management LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 430 shares of the retailer’s stock, valued at approximately $394,000.

Other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC raised its stake in Costco Wholesale by 9.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 7,050 shares of the retailer’s stock valued at $6,460,000 after purchasing an additional 597 shares during the last quarter. Insight Inv LLC grew its stake in Costco Wholesale by 21.2% during the 4th quarter. Insight Inv LLC now owns 714 shares of the retailer’s stock valued at $654,000 after acquiring an additional 125 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its holdings in Costco Wholesale by 266.4% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 13,149 shares of the retailer’s stock valued at $12,048,000 after acquiring an additional 9,560 shares during the last quarter. Nikulski Financial Inc. lifted its stake in Costco Wholesale by 0.8% in the 4th quarter. Nikulski Financial Inc. now owns 11,991 shares of the retailer’s stock worth $10,987,000 after purchasing an additional 99 shares in the last quarter. Finally, Grange Capital LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $471,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

COST stock opened at $939.68 on Monday. The business’s 50-day moving average is $951.57 and its two-hundred day moving average is $903.84. 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 capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced 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 is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

A number of equities analysts recently commented on COST shares. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, DA Davidson raised their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

View Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.