Berkshire Money Management Inc. Acquires Shares of 627 Costco Wholesale Co. (NASDAQ:COST)

Berkshire Money Management Inc. bought a new position in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 627 shares of the retailer’s stock, valued at approximately $575,000.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the fourth quarter valued at $33,000. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,042.88 on Thursday. 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 has a market capitalization of $462.93 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 5.84 and a beta of 0.84. The stock has a 50-day moving average of $956.42 and a 200 day moving average of $910.75. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,043.09.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company boosted 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 report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale 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.