Snider Financial Group Buys 1,342 Shares of Costco Wholesale Co. (NASDAQ:COST)

Snider Financial Group boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 28.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,128 shares of the retailer’s stock after buying an additional 1,342 shares during the period. Costco Wholesale makes up approximately 1.7% of Snider Financial Group’s portfolio, making the stock its 16th biggest position. Snider Financial Group’s holdings in Costco Wholesale were worth $5,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $31,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $35,000. Finally, 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. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. TD Cowen increased their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group lifted their target price 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, Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,036.87 on Wednesday. The company has a 50 day moving average of $986.01 and a 200 day moving average of $941.00. 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 stock has a market cap of $460.27 billion, a P/E ratio of 60.88, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s 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.