Joel Isaacson & Co. LLC Has $3.48 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Joel Isaacson & Co. LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,799 shares of the retailer’s stock after buying an additional 44 shares during the period. Joel Isaacson & Co. LLC’s holdings in Costco Wholesale were worth $3,481,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Barrett & Company Inc. boosted its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $55,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COST. UBS Group upped their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

COST stock opened at $1,043.81 on Friday. The firm has a 50-day simple moving average of $961.27 and a two-hundred day simple moving average of $914.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. The firm has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio 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.