Schrum Private Wealth Management LLC Purchases Shares of 443 Costco Wholesale Co. (NASDAQ:COST)

Schrum Private Wealth Management LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 443 shares of the retailer’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale during the 4th quarter valued at approximately $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.0 %

Shares of COST opened at $1,047.75 on Thursday. The firm has a market cap of $465.10 billion, a P/E ratio of 61.52, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a 50 day simple moving average of $987.79 and a two-hundred day simple moving average of $941.75. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. DA Davidson upped their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.