Midwest Financial Group LLC Buys 469 Shares of Costco Wholesale Co. (NASDAQ:COST)

Midwest Financial Group LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 131.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 825 shares of the retailer’s stock after purchasing an additional 469 shares during the quarter. Midwest Financial Group LLC’s holdings in Costco Wholesale were worth $755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the third quarter worth approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird raised their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST opened at $939.68 on Friday. The stock has a 50 day moving average of $951.57 and a 200 day moving average of $903.72. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The company has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio 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.