Chung Wu Investment Group LLC Invests $321,000 in Costco Wholesale Co. (NASDAQ:COST)

Chung Wu Investment Group LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 350 shares of the retailer’s stock, valued at approximately $321,000.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the third quarter worth about $29,000. Synergy Investment Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC raised its stake in Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the fourth quarter worth about $33,000. Finally, Collier Financial acquired a new stake in Costco Wholesale during the fourth quarter worth about $35,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,047.75 on Thursday. The stock’s fifty day simple moving average is $987.79 and its 200 day simple moving average is $941.75. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $465.10 billion, a price-to-earnings ratio of 61.52, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. 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 is currently 27.25%.

Analysts Set New Price Targets

Several research firms recently weighed in on COST. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. UBS Group raised 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 note on Thursday, December 12th. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Barclays raised 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 note on Friday, December 13th. Finally, Truist Financial raised their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.