Costco Wholesale Co. (NASDAQ:COST) Stock Position Lifted by Mainstream Capital Management LLC

Mainstream Capital Management LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,176 shares of the retailer’s stock after buying an additional 15 shares during the period. Costco Wholesale comprises 1.4% of Mainstream Capital Management LLC’s portfolio, making the stock its 15th largest position. Mainstream Capital Management LLC’s holdings in Costco Wholesale were worth $1,994,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the period. Hudson Value Partners LLC raised its position in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC raised its position 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 worth $7,020,000 after purchasing an additional 1,001 shares during the period. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays increased their price target on 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 raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Down 0.2 %

Costco Wholesale stock opened at $1,046.85 on Tuesday. 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’s 50-day simple moving average is $984.45 and its 200-day simple moving average is $939.83. The firm has a market capitalization of $464.70 billion, a PE ratio of 61.47, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale 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.