Creative Capital Management Investments LLC Has $416,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Creative Capital Management Investments LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 454 shares of the retailer’s stock after buying an additional 25 shares during the period. Costco Wholesale makes up 0.2% of Creative Capital Management Investments LLC’s holdings, making the stock its 29th biggest holding. Creative Capital Management Investments LLC’s holdings in Costco Wholesale were worth $416,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter valued at about $33,000. Collier Financial acquired a new position in Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. lifted its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,056.03 on Wednesday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm’s 50 day moving average is $972.43 and its 200-day moving average is $927.29. The company has a market capitalization of $468.77 billion, a PE ratio of 62.01, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barclays lifted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

About Costco Wholesale

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.