Park Capital Management LLC WI Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

Park Capital Management LLC WI bought a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 244 shares of the retailer’s stock, valued at approximately $224,000.

Other large investors have also recently added to or reduced their stakes in the company. Ingalls & Snyder LLC boosted its stake in Costco Wholesale by 14.9% during the 4th quarter. Ingalls & Snyder LLC now owns 1,963 shares of the retailer’s stock valued at $1,799,000 after purchasing an additional 254 shares in the last quarter. Consolidated Planning Corp boosted its stake in Costco Wholesale by 17.1% during the 4th quarter. Consolidated Planning Corp now owns 8,768 shares of the retailer’s stock valued at $8,034,000 after purchasing an additional 1,280 shares in the last quarter. Raab & Moskowitz Asset Management LLC boosted its stake in Costco Wholesale by 5.3% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 15,129 shares of the retailer’s stock valued at $13,863,000 after purchasing an additional 759 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its stake in Costco Wholesale by 12.4% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 544 shares of the retailer’s stock valued at $498,000 after purchasing an additional 60 shares in the last quarter. Finally, MFG Wealth Management Inc. bought a new position in Costco Wholesale during the 4th quarter valued at $2,341,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,076.86 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The business has a fifty day simple moving average of $966.02 and a 200 day simple moving average of $919.48. The firm has a market cap of $478.02 billion, a price-to-earnings ratio of 63.23, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research reports. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Finally, Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.