Jamison Private Wealth Management Inc. Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Jamison Private Wealth Management Inc. increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,198 shares of the retailer’s stock after buying an additional 630 shares during the quarter. Costco Wholesale comprises 1.4% of Jamison Private Wealth Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Jamison Private Wealth Management Inc.’s holdings in Costco Wholesale were worth $9,344,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in Costco Wholesale in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COST. Jefferies Financial Group upped their price objective on shares of 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. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Barclays boosted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. 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. Finally, DA Davidson upped their price objective on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $939.68 on Monday. The firm has a market cap of $417.12 billion, a P/E ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The firm’s 50 day moving average price is $951.57 and its 200 day moving average price is $903.84.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.