CFO4Life Group LLC Increases Position in Costco Wholesale Co. (NASDAQ:COST)

CFO4Life Group LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,057 shares of the retailer’s stock after acquiring an additional 48 shares during the period. CFO4Life Group LLC’s holdings in Costco Wholesale were worth $969,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of COST. Swedbank AB boosted its holdings in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares during the last quarter. United Bank boosted its holdings in Costco Wholesale by 7.5% in the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after purchasing an additional 416 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Costco Wholesale by 4.7% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 3,762 shares of the retailer’s stock valued at $3,341,000 after purchasing an additional 168 shares during the last quarter. Dillon & Associates Inc. boosted its holdings in Costco Wholesale by 5.1% in the 3rd quarter. Dillon & Associates Inc. now owns 7,467 shares of the retailer’s stock valued at $6,623,000 after purchasing an additional 360 shares during the last quarter. Finally, Empower Advisory Group LLC boosted its holdings in Costco Wholesale by 1.0% in the 3rd quarter. Empower Advisory Group LLC now owns 168,641 shares of the retailer’s stock valued at $149,504,000 after purchasing an additional 1,745 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.4 %

Shares of NASDAQ:COST opened at $927.08 on Thursday. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24. The company’s 50 day moving average is $990.44 and its two-hundred day moving average is $944.52. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $411.53 billion, a PE ratio of 54.44, a P/E/G ratio of 6.15 and a beta of 0.81.

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

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Analyst Ratings Changes

Several equities analysts have weighed in on COST shares. DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Tuesday. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

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.