Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 32.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,929 shares of the retailer’s stock after buying an additional 1,942 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Costco Wholesale were worth $7,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at about $35,000. Barrett & Company Inc. boosted its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. Roth Mkm raised their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Truist Financial lifted 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 1.9 %

Costco Wholesale stock opened at $1,055.66 on Wednesday. The firm has a 50 day simple moving average of $977.94 and a 200 day simple moving average of $935.03. 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 Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The firm has a market capitalization of $468.61 billion, a price-to-earnings ratio of 61.99, a P/E/G ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

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