Phillips Financial Management LLC Has $284,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Phillips Financial Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310 shares of the retailer’s stock after purchasing an additional 30 shares during the quarter. Phillips Financial Management LLC’s holdings in Costco Wholesale were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of COST. Impact Capital Partners LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $1,574,000. Commonwealth Equity Services LLC grew its position in Costco Wholesale by 1.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 406,755 shares of the retailer’s stock worth $372,697,000 after acquiring an additional 5,051 shares during the last quarter. DecisionMap Wealth Management LLC bought a new stake in Costco Wholesale during the 4th quarter worth $381,000. IAG Wealth Partners LLC grew its position in Costco Wholesale by 36.6% during the 4th quarter. IAG Wealth Partners LLC now owns 373 shares of the retailer’s stock worth $342,000 after acquiring an additional 100 shares during the last quarter. Finally, CFO4Life Group LLC grew its position in shares of Costco Wholesale by 4.8% in the 4th quarter. CFO4Life Group LLC now owns 1,057 shares of the retailer’s stock valued at $969,000 after buying an additional 48 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.4 %

NASDAQ:COST opened at $927.08 on Thursday. The firm has a market capitalization of $411.53 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. 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 business’s fifty day moving average price is $990.44 and its 200 day moving average price is $944.52.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during 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, sell-side analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Raymond James upped 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. DA Davidson increased their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, March 3rd. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. raised their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

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.