Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by JSF Financial LLC

JSF Financial LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,406 shares of the retailer’s stock after purchasing an additional 557 shares during the quarter. Costco Wholesale comprises about 1.1% of JSF Financial LLC’s investment portfolio, making the stock its 21st biggest position. JSF Financial LLC’s holdings in Costco Wholesale were worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth about $55,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COST. Stifel Nicolaus raised their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets increased their price objective on shares of 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. Finally, Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,058.34 on Wednesday. The company has a 50-day moving average price of $963.01 and a two-hundred day moving average price of $916.76. The stock has a market cap of $469.80 billion, a price-to-earnings ratio of 62.15, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. 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 52 week low of $697.27 and a 52 week high of $1,066.00.

Costco Wholesale Announces Dividend

The firm 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 dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

About Costco Wholesale

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.