Parkside Investments LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Parkside Investments LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359 shares of the retailer’s stock after purchasing an additional 46 shares during the quarter. Parkside Investments LLC’s holdings in Costco Wholesale were worth $329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC grew its stake in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth approximately $20,056,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $8,430,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $958.67 on Wednesday. Costco Wholesale Co. has a one year low of $686.26 and a one year high of $1,008.25. The stock’s fifty day moving average is $952.49 and its 200-day moving average is $904.81. 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 firm has a market capitalization of $425.55 billion, a price-to-earnings ratio of 56.29, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared 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 of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. DA Davidson boosted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.