Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,242 shares of the retailer’s stock after acquiring an additional 663 shares during the quarter. Costco Wholesale comprises approximately 1.0% of Newbridge Financial Services Group Inc.’s holdings, making the stock its 24th biggest holding. Newbridge Financial Services Group Inc.’s holdings in Costco Wholesale were worth $3,887,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Charles Schwab Investment Management Inc. boosted its position in shares of Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the period. Hudson Value Partners LLC lifted its position in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares in the last quarter. Nwam LLC purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC raised its stake in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,043.81 on Monday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00. The company has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. The stock has a 50 day simple moving average of $961.27 and a 200-day simple moving average of $914.43. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

A number of research firms recently weighed in on COST. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Evercore ISI lifted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Loop Capital lifted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.