Midwest Financial Group LLC Buys 469 Shares of Costco Wholesale Co. (NASDAQ:COST)

Midwest Financial Group LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 131.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 825 shares of the retailer’s stock after purchasing an additional 469 shares during the period. Midwest Financial Group LLC’s holdings in Costco Wholesale were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Costco Wholesale during the second quarter worth about $4,202,000. Beck Bode LLC boosted its holdings in Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after buying an additional 260 shares during the period. Beaird Harris Wealth Management LLC boosted its holdings in Costco Wholesale by 8.2% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 554 shares of the retailer’s stock worth $471,000 after buying an additional 42 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in Costco Wholesale during the 2nd quarter valued at $14,809,000. Finally, Arkos Global Advisors lifted its position in shares of Costco Wholesale by 4.4% during the second quarter. Arkos Global Advisors now owns 591 shares of the retailer’s stock worth $502,000 after acquiring an additional 25 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COST. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. UBS Group increased their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Finally, Jefferies Financial Group increased their target price 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. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $939.68 on Friday. The stock has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The company has a fifty day moving average of $951.57 and a 200-day moving average of $903.72. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. 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 Dividend Announcement

The business 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 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 dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

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.