Washburn Capital Management Inc. Purchases 245 Shares of Costco Wholesale Co. (NASDAQ:COST)

Washburn Capital Management Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,140 shares of the retailer’s stock after acquiring an additional 245 shares during the period. Costco Wholesale accounts for about 1.5% of Washburn Capital Management Inc.’s holdings, making the stock its 12th biggest position. Washburn Capital Management Inc.’s holdings in Costco Wholesale were worth $2,877,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. raised its holdings in shares of Costco Wholesale by 18.5% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,242 shares of the retailer’s stock worth $3,887,000 after acquiring an additional 663 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Costco Wholesale by 1.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 61,626 shares of the retailer’s stock worth $56,466,000 after purchasing an additional 815 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Costco Wholesale by 1.1% in the fourth quarter. Stephens Inc. AR now owns 15,563 shares of the retailer’s stock worth $14,260,000 after purchasing an additional 166 shares during the last quarter. Quotient Wealth Partners LLC lifted its holdings in shares of Costco Wholesale by 8.1% in the fourth quarter. Quotient Wealth Partners LLC now owns 2,241 shares of the retailer’s stock valued at $2,053,000 after purchasing an additional 167 shares in the last quarter. Finally, Summit Wealth & Retirement Planning Inc. boosted its position in shares of Costco Wholesale by 16.9% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 527 shares of the retailer’s stock valued at $483,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

COST opened at $1,043.81 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. 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 capitalization of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a fifty day moving average price of $961.27 and a 200-day moving average price of $914.43.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of equities research analysts recently commented on COST shares. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised 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. Jefferies Financial Group boosted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.