Costco Wholesale Co. (NASDAQ:COST) Stake Increased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,362 shares of the retailer’s stock after buying an additional 571 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Costco Wholesale were worth $4,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after purchasing an additional 32,074 shares during the period. Hudson Value Partners LLC grew its position in Costco Wholesale by 7.6% during the third 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 in the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC boosted its stake in shares of Costco Wholesale by 15.0% during the 4th 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 during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COST shares. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 1.9 %

Shares of Costco Wholesale stock opened at $1,055.66 on Wednesday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The company’s fifty day simple moving average is $977.94 and its 200-day simple moving average is $935.03. The company has a market cap of $468.61 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. 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.