RW Investment Management LLC Acquires 989 Shares of Costco Wholesale Co. (NASDAQ:COST)

RW Investment Management LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,624 shares of the retailer’s stock after purchasing an additional 989 shares during the period. Costco Wholesale accounts for approximately 0.6% of RW Investment Management LLC’s portfolio, making the stock its 13th biggest position. RW Investment Management LLC’s holdings in Costco Wholesale were worth $5,153,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $35,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,062.54 on Thursday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock’s 50 day moving average is $973.78 and its 200-day moving average is $928.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $471.66 billion, a price-to-earnings ratio of 62.39, a PEG ratio of 6.28 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COST. Citigroup boosted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. DA Davidson upped their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Loop Capital upped their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company 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.