Crew Capital Management Ltd. Makes New $207,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Crew Capital Management Ltd. purchased a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 226 shares of the retailer’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $31,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $35,000. Finally, Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Robert W. Baird increased their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 1.0 %

NASDAQ:COST opened at $1,036.87 on Wednesday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The stock has a market cap of $460.27 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 6.15 and a beta of 0.84. The business has a fifty day moving average of $986.01 and a 200-day moving average of $941.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s payout ratio is 27.25%.

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.