James J. Burns & Company LLC Increases Stake in Costco Wholesale Co. (NASDAQ:COST)

James J. Burns & Company LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 773 shares of the retailer’s stock after purchasing an additional 28 shares during the quarter. James J. Burns & Company LLC’s holdings in Costco Wholesale were worth $708,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $33,000. FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $41,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.1 %

Shares of COST opened at $1,042.88 on Thursday. The business’s 50-day moving average price is $956.42 and its 200 day moving average price is $910.75. The stock has a market capitalization of $462.93 billion, a P/E ratio of 61.24, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,043.09. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Loop Capital increased their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. TD Cowen raised their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Evercore ISI raised 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 research report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

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.