Gallagher Capital Advisors LLC Buys Shares of 4,058 Costco Wholesale Co. (NASDAQ:COST)

Gallagher Capital Advisors LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,058 shares of the retailer’s stock, valued at approximately $3,718,000. Costco Wholesale comprises about 2.7% of Gallagher Capital Advisors LLC’s portfolio, making the stock its 13th largest position.

A number of other large investors have also modified their holdings of COST. Cromwell Holdings LLC increased its stake in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after buying an additional 10 shares during the period. SRN Advisors LLC grew its holdings in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC increased its position in Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after acquiring an additional 10 shares during the period. Finally, Sculati Wealth Management LLC raised its stake in Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several recent analyst reports. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Citigroup increased their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Trading Down 6.1 %

Costco Wholesale stock opened at $964.31 on Monday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. 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 firm has a market capitalization of $428.06 billion, a price-to-earnings ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a 50 day moving average price of $989.69 and a 200 day moving average price of $943.88.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed 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 was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s payout ratio is presently 27.09%.

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.