Costco Wholesale Co. (NASDAQ:COST) is Garrison Bradford & Associates Inc.’s 2nd Largest Position

Garrison Bradford & Associates Inc. boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,087 shares of the retailer’s stock after acquiring an additional 31 shares during the quarter. Costco Wholesale accounts for about 11.6% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 2nd biggest holding. Garrison Bradford & Associates Inc.’s holdings in Costco Wholesale were worth $11,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Synergy Investment Management LLC purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% during 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. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Finally, Collier Financial purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COST shares. Citigroup upped their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Raymond James raised their price target 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. Ten investment 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, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Stock Down 6.1 %

Shares of NASDAQ:COST opened at $964.31 on Friday. The firm has a market cap of $428.06 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. The company has a fifty day simple moving average of $989.69 and a 200 day simple moving average of $943.44. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last released 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 analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, equities research analysts anticipate that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

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.