Cyr Financial Inc. Makes New $553,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Cyr Financial Inc. bought a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 604 shares of the retailer’s stock, valued at approximately $553,000.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird raised 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. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

COST opened at $979.88 on Friday. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25. The firm has a market capitalization of $434.97 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 5.75 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business’s 50-day moving average is $954.19 and its two-hundred day moving average is $906.54.

Costco Wholesale Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is 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.