Lazari Capital Management Inc. Has $774,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Lazari Capital Management Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 845 shares of the retailer’s stock after buying an additional 47 shares during the quarter. Lazari Capital Management Inc.’s holdings in Costco Wholesale were worth $774,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,005.83 on Tuesday. The business has a 50-day moving average of $954.51 and a 200-day moving average of $908.28. 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 stock has a market capitalization of $446.49 billion, a price-to-earnings ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,009.61.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.46%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Loop Capital raised their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.