Costco Wholesale Co. (NASDAQ:COST) Stake Boosted by NewSquare Capital LLC

NewSquare Capital LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 250.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35 shares of the retailer’s stock after purchasing an additional 25 shares during the period. NewSquare Capital LLC’s holdings in Costco Wholesale were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale in the fourth quarter worth about $31,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $35,000. Finally, Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 1.0 %

COST stock opened at $1,047.75 on Thursday. The firm has a market cap of $465.10 billion, a PE ratio of 61.52, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month 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. The firm has a 50 day simple moving average of $987.79 and a 200 day simple moving average of $941.75.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.