Sargent Investment Group LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sargent Investment Group LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,133 shares of the retailer’s stock after purchasing an additional 1,004 shares during the quarter. Sargent Investment Group LLC’s holdings in Costco Wholesale were worth $4,746,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $41,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter valued at approximately $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets lifted their price target on 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. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,042.88 on Thursday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,043.09. The company has a market cap of $462.93 billion, a price-to-earnings ratio of 61.24, a PEG ratio of 5.84 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. The business’s 50 day moving average price is $956.42 and its 200 day moving average price is $910.75.

Costco Wholesale Dividend Announcement

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 given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

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.