Everhart Financial Group Inc. Has $3.21 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Everhart Financial Group Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,499 shares of the retailer’s stock after acquiring an additional 123 shares during the period. Everhart Financial Group Inc.’s holdings in Costco Wholesale were worth $3,206,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in COST. Lakeridge Wealth Management LLC lifted its holdings in Costco Wholesale by 7.3% during the 4th quarter. Lakeridge Wealth Management LLC now owns 751 shares of the retailer’s stock valued at $688,000 after purchasing an additional 51 shares during the last quarter. Next Level Wealth Planning LLC bought a new position in Costco Wholesale during the 4th quarter valued at about $409,000. TigerOak Management L.L.C. bought a new position in Costco Wholesale during the 4th quarter valued at about $661,000. Vivid Wealth Management LLC lifted its holdings in Costco Wholesale by 1.2% during the 4th quarter. Vivid Wealth Management LLC now owns 2,631 shares of the retailer’s stock valued at $2,411,000 after purchasing an additional 31 shares during the last quarter. Finally, Roxbury Financial LLC bought a new position in Costco Wholesale during the 4th quarter valued at about $1,189,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the subject of several analyst reports. 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 report on Thursday, December 12th. Loop Capital lifted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ COST opened at $1,071.85 on Friday. The stock has a market cap of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. The firm has a 50 day moving average price of $969.49 and a 200 day moving average price of $922.35. 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 52-week low of $697.27 and a 52-week high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.