Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 100,422.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 796,137 shares of the retailer’s stock after buying an additional 795,345 shares during the period. Costco Wholesale accounts for about 1.4% of Strategic Financial Concepts LLC’s investment portfolio, making the stock its 15th biggest holding. Strategic Financial Concepts LLC owned 0.18% of Costco Wholesale worth $729,476,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on COST shares. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Finally, Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of Costco Wholesale stock opened at $1,043.81 on Friday. The firm has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. The stock has a 50-day simple moving average of $959.83 and a 200-day simple moving average of $912.64. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

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

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.