MGO Private Wealth LLC Has $722,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

MGO Private Wealth LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 788 shares of the retailer’s stock after selling 80 shares during the period. MGO Private Wealth LLC’s holdings in Costco Wholesale were worth $722,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after buying an additional 162,191 shares during the last quarter. FMR LLC grew its holdings in Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after buying an additional 324,973 shares during the last quarter. Jennison Associates LLC grew its holdings in Costco Wholesale by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after buying an additional 125,444 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Costco Wholesale by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock valued at $2,820,193,000 after buying an additional 43,414 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Costco Wholesale by 2.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock valued at $2,726,107,000 after buying an additional 70,561 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup boosted their price objective on 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, Stifel Nicolaus boosted their price objective on 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. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Stock Down 0.4 %

NASDAQ:COST opened at $927.08 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 cap of $411.53 billion, a PE ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The stock has a 50-day simple moving average of $990.44 and a 200 day simple moving average of $944.52.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s payout ratio is 27.09%.

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.