Costco Wholesale Co. (NASDAQ:COST) Stock Position Increased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 18.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,242 shares of the retailer’s stock after buying an additional 663 shares during the period. Costco Wholesale accounts for 1.0% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 24th largest position. Newbridge Financial Services Group Inc.’s holdings in Costco Wholesale were worth $3,887,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of COST. Kestra Private Wealth Services LLC boosted its position in shares of Costco Wholesale by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 61,626 shares of the retailer’s stock valued at $56,466,000 after purchasing an additional 815 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of Costco Wholesale by 1.1% in the 4th quarter. Stephens Inc. AR now owns 15,563 shares of the retailer’s stock worth $14,260,000 after purchasing an additional 166 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in Costco Wholesale by 8.1% during the fourth quarter. Quotient Wealth Partners LLC now owns 2,241 shares of the retailer’s stock valued at $2,053,000 after purchasing an additional 167 shares during the last quarter. Summit Wealth & Retirement Planning Inc. grew its position in Costco Wholesale by 16.9% in the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 527 shares of the retailer’s stock worth $483,000 after buying an additional 76 shares during the last quarter. Finally, Richard C. Young & CO. LTD. bought a new position in shares of Costco Wholesale in the fourth quarter valued at $221,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on COST shares. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.7 %

NASDAQ:COST opened at $1,043.81 on Monday. The company’s 50 day moving average is $961.27 and its 200-day moving average is $914.43. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,063.00. The firm has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.