Naviter Wealth LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Naviter Wealth LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 41.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,279 shares of the retailer’s stock after purchasing an additional 1,256 shares during the quarter. Naviter Wealth LLC’s holdings in Costco Wholesale were worth $3,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at approximately $29,000. Synergy Investment Management LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $31,000. NewSquare Capital LLC lifted its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $35,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Barclays raised their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,029.00.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $964.31 on Friday. The company has a market cap of $428.06 billion, a P/E ratio of 56.62, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 0.98 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 $1,078.24. The business has a fifty day simple moving average of $989.69 and a 200-day simple moving average of $942.97.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.09%.

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.