PFG Investments LLC Has $16.44 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

PFG Investments LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,946 shares of the retailer’s stock after purchasing an additional 312 shares during the period. Costco Wholesale makes up about 1.0% of PFG Investments LLC’s portfolio, making the stock its 11th biggest holding. PFG Investments LLC’s holdings in Costco Wholesale were worth $16,443,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. Tigress Financial reissued a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. BMO Capital Markets raised their price target on 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. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Evercore ISI upped their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Price Performance

Shares of COST opened at $965.25 on Tuesday. The business has a 50-day moving average of $951.57 and a 200-day moving average of $903.97. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. The company has a market capitalization of $428.47 billion, a price-to-earnings ratio of 56.68, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.