SLT Holdings LLC Makes New $461,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

SLT Holdings LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, HoldingsChannel.com reports. The firm bought 503 shares of the retailer’s stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter worth $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter worth $31,000. NewSquare Capital LLC lifted its position in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Finally, Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COST shares. Truist Financial upped their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Ten 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,029.00.

Costco Wholesale Price Performance

COST stock opened at $964.31 on Friday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The firm has a market capitalization of $428.06 billion, a P/E ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $989.69 and a 200-day moving average of $943.44.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $63.02 billion. As a group, sell-side analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

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.