Crown Wealth Group LLC Purchases 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Crown Wealth Group LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,075 shares of the retailer’s stock after purchasing an additional 19 shares during the period. Crown Wealth Group LLC’s holdings in Costco Wholesale were worth $985,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the period. Hudson Value Partners LLC increased its holdings in shares of Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares in the last quarter. Nwam LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth about $20,056,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $8,430,000. Finally, GAMMA Investing LLC grew its position in shares of Costco Wholesale by 15.0% in the 4th 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. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 2.2 %

COST stock opened at $1,031.97 on Thursday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company’s 50-day simple moving average is $979.28 and its 200 day simple moving average is $935.71. The company has a market capitalization of $458.09 billion, a PE ratio of 60.60, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COST. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial boosted 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. Finally, Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Company 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.