Charter Oak Capital Management LLC Makes New $218,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Charter Oak Capital Management LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 238 shares of the retailer’s stock, valued at approximately $218,000.

A number of other hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock opened at $964.02 on Thursday. 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 12 month low of $690.80 and a 12 month high of $1,008.25. The business has a fifty day simple moving average of $953.06 and a 200 day simple moving average of $905.62. The stock has a market cap of $427.93 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COST shares. Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. 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. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale 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.