Costco Wholesale Co. (NASDAQ:COST) Holdings Lifted by V2 Financial group LLC

V2 Financial group LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662 shares of the retailer’s stock after buying an additional 12 shares during the period. V2 Financial group LLC’s holdings in Costco Wholesale were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Barrett & Company Inc. raised its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the 4th quarter valued at $55,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 1.7 %

Shares of NASDAQ:COST opened at $1,061.92 on Tuesday. The firm has a fifty day moving average of $961.27 and a two-hundred day moving average of $915.02. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00. The firm has a market capitalization of $471.39 billion, a P/E ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. UBS Group raised their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. DA Davidson boosted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, Citigroup raised their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus 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.