Regatta Capital Group LLC Has $5.03 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Regatta Capital Group LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,486 shares of the retailer’s stock after selling 73 shares during the quarter. Costco Wholesale makes up approximately 1.0% of Regatta Capital Group LLC’s portfolio, making the stock its 22nd largest position. Regatta Capital Group LLC’s holdings in Costco Wholesale were worth $5,027,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. raised its position in Costco Wholesale by 3.1% during the second quarter. Sunbelt Securities Inc. now owns 6,172 shares of the retailer’s stock valued at $5,246,000 after acquiring an additional 186 shares in the last quarter. Invst LLC raised its position in Costco Wholesale by 6.5% during the second quarter. Invst LLC now owns 3,581 shares of the retailer’s stock valued at $3,028,000 after acquiring an additional 219 shares in the last quarter. Gateway Wealth Partners LLC raised its position in Costco Wholesale by 5.8% during the second quarter. Gateway Wealth Partners LLC now owns 802 shares of the retailer’s stock valued at $682,000 after acquiring an additional 44 shares in the last quarter. Kimelman & Baird LLC bought a new position in Costco Wholesale during the second quarter valued at approximately $55,508,000. Finally, HWG Holdings LP bought a new position in Costco Wholesale during the second quarter valued at approximately $4,728,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Raymond James lifted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Up 2.7 %

Shares of NASDAQ COST opened at $965.25 on Tuesday. The firm’s 50-day simple moving average is $951.57 and its 200 day simple moving average is $903.97. The company has a market cap of $428.47 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. 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 $686.26 and a 12-month high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.