GPM Growth Investors Inc. Has $10.82 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

GPM Growth Investors Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,807 shares of the retailer’s stock after selling 346 shares during the period. Costco Wholesale comprises approximately 4.6% of GPM Growth Investors Inc.’s holdings, making the stock its 7th largest position. GPM Growth Investors Inc.’s holdings in Costco Wholesale were worth $10,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth $29,000. Synergy Investment Management LLC bought a new position in Costco Wholesale in the 4th quarter worth $31,000. NewSquare Capital LLC boosted its holdings in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the 4th quarter worth $33,000. Finally, Collier Financial bought a new position in Costco Wholesale in the 4th quarter worth $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,047.75 on Thursday. 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 company has a market capitalization of $465.10 billion, a P/E ratio of 61.52, a P/E/G ratio of 6.15 and a beta of 0.84. The company’s 50-day simple moving average is $987.79 and its two-hundred day simple moving average is $941.75. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Loop Capital boosted 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 note on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.