Sherman Asset Management Inc. Purchases New Stake in Costco Wholesale Co. (NASDAQ:COST)

Sherman Asset Management Inc. purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 918 shares of the retailer’s stock, valued at approximately $841,000. Costco Wholesale accounts for 0.8% of Sherman Asset Management Inc.’s holdings, making the stock its 23rd biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Onefund LLC lifted its holdings in Costco Wholesale by 2.2% during the fourth quarter. Onefund LLC now owns 1,189 shares of the retailer’s stock valued at $1,089,000 after purchasing an additional 26 shares during the last quarter. Nixon Peabody Trust Co. lifted its holdings in Costco Wholesale by 6.0% during the fourth quarter. Nixon Peabody Trust Co. now owns 1,036 shares of the retailer’s stock valued at $949,000 after purchasing an additional 59 shares during the last quarter. Flaharty Asset Management LLC lifted its holdings in Costco Wholesale by 42.1% during the fourth quarter. Flaharty Asset Management LLC now owns 476 shares of the retailer’s stock valued at $436,000 after purchasing an additional 141 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in Costco Wholesale by 1.0% during the fourth quarter. Jacobi Capital Management LLC now owns 3,169 shares of the retailer’s stock valued at $2,903,000 after purchasing an additional 30 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its holdings in shares of Costco Wholesale by 1.6% in the fourth quarter. Anfield Capital Management LLC now owns 1,789 shares of the retailer’s stock worth $1,639,000 after buying an additional 29 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 2.6 %

Shares of Costco Wholesale stock opened at $1,048.61 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The stock has a market capitalization of $465.48 billion, a price-to-earnings ratio of 61.57, a P/E/G ratio of 6.15 and a beta of 0.84. The company’s 50 day moving average price is $982.51 and its 200-day moving average price is $938.10.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, Evercore ISI reissued 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’s stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus 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.