Stonebridge Financial Group LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Stonebridge Financial Group LLC acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 422 shares of the retailer’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in Costco Wholesale in the 3rd quarter worth approximately $42,896,000. VitalStone Financial LLC bought a new position in shares of Costco Wholesale in the third quarter worth approximately $71,000. ORG Wealth Partners LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth $156,000. Wedge Capital Management L L P NC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at $213,000. Finally, Creative Planning lifted its stake in shares of Costco Wholesale by 5.5% during the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock valued at $194,245,000 after buying an additional 11,678 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Raymond James increased their price objective 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.3 %

Shares of COST opened at $1,058.34 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $963.01 and a 200 day moving average of $916.76. The company has a market cap of $469.80 billion, a PE ratio of 62.15, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,066.00.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

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.