RW Investment Management LLC Has $5.15 Million Position in Costco Wholesale Co. (NASDAQ:COST)

RW Investment Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 21.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,624 shares of the retailer’s stock after purchasing an additional 989 shares during the period. Costco Wholesale comprises approximately 0.6% of RW Investment Management LLC’s holdings, making the stock its 13th biggest holding. RW Investment Management LLC’s holdings in Costco Wholesale were worth $5,153,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in COST. WealthBridge Capital Management LLC raised its stake in shares of Costco Wholesale by 5.5% in the fourth quarter. WealthBridge Capital Management LLC now owns 785 shares of the retailer’s stock valued at $719,000 after acquiring an additional 41 shares during the last quarter. Wealth Alliance increased its holdings in Costco Wholesale by 6.2% during the 4th quarter. Wealth Alliance now owns 1,295 shares of the retailer’s stock valued at $1,187,000 after purchasing an additional 76 shares in the last quarter. Sunpointe LLC raised its position in Costco Wholesale by 16.7% in the 4th quarter. Sunpointe LLC now owns 823 shares of the retailer’s stock valued at $754,000 after purchasing an additional 118 shares during the last quarter. Corps Capital Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter worth $1,408,000. Finally, Abacus Planning Group Inc. grew its holdings in shares of Costco Wholesale by 3.4% during the fourth quarter. Abacus Planning Group Inc. now owns 2,212 shares of the retailer’s stock worth $2,027,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock opened at $1,062.54 on Thursday. 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 $1,078.23. The business has a fifty day simple moving average of $973.78 and a 200 day simple moving average of $928.24. The stock has a market cap of $471.66 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6.28 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently issued reports on COST. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.