Hager Investment Management Services LLC Invests $3.83 Million in Costco Wholesale Co. (NASDAQ:COST)

Hager Investment Management Services LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel reports. The fund bought 4,178 shares of the retailer’s stock, valued at approximately $3,828,000. Costco Wholesale makes up approximately 2.4% of Hager Investment Management Services LLC’s portfolio, making the stock its 11th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stratos Investment Management LLC increased its position in shares of Costco Wholesale by 19.6% in the fourth quarter. Stratos Investment Management LLC now owns 5,219 shares of the retailer’s stock worth $4,782,000 after purchasing an additional 854 shares during the period. Stratos Wealth Partners LTD. increased its position in shares of Costco Wholesale by 2.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 56,109 shares of the retailer’s stock worth $51,412,000 after purchasing an additional 1,132 shares during the period. Sargent Investment Group LLC increased its position in shares of Costco Wholesale by 24.3% in the fourth quarter. Sargent Investment Group LLC now owns 5,133 shares of the retailer’s stock worth $4,746,000 after purchasing an additional 1,004 shares during the period. Guidance Capital Inc. increased its position in shares of Costco Wholesale by 83.2% in the fourth quarter. Guidance Capital Inc. now owns 2,378 shares of the retailer’s stock worth $2,234,000 after purchasing an additional 1,080 shares during the period. Finally, James J. Burns & Company LLC increased its position in shares of Costco Wholesale by 3.8% in the fourth quarter. James J. Burns & Company LLC now owns 773 shares of the retailer’s stock worth $708,000 after purchasing an additional 28 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COST. Jefferies Financial Group raised their price target on 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 boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus upped their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of COST opened at $1,042.88 on Thursday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,043.09. The business’s fifty day moving average is $956.42 and its 200 day moving average is $910.75. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $462.93 billion, a P/E ratio of 61.24, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

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.