Grange Capital LLC Takes $471,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Grange Capital LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 514 shares of the retailer’s stock, valued at approximately $471,000.

Several other institutional investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $939.68 on Monday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. 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 stock has a market cap of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The stock has a 50 day moving average price of $951.57 and a 200 day moving average price of $903.84.

Costco Wholesale Announces Dividend

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 $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several research firms recently commented on COST. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Raymond James boosted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. TD Cowen increased their price target 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. Finally, BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.