Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Garrison Bradford & Associates Inc.

Garrison Bradford & Associates Inc. grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,087 shares of the retailer’s stock after purchasing an additional 31 shares during the quarter. Costco Wholesale accounts for about 11.6% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 2nd biggest holding. Garrison Bradford & Associates Inc.’s holdings in Costco Wholesale were worth $11,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale in the fourth quarter worth about $31,000. NewSquare Capital LLC lifted its holdings in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after purchasing an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter worth about $33,000. Finally, Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter worth about $35,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 6.1 %

Shares of NASDAQ COST opened at $964.31 on Friday. The stock has a market cap of $428.06 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82. 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 has a 50 day simple moving average of $989.69 and a 200 day simple moving average of $943.44. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is 27.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COST shares. Robert W. Baird upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. UBS Group boosted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Truist Financial boosted their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,029.00.

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.