Park Capital Management LLC WI Makes New $224,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Park Capital Management LLC WI purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 244 shares of the retailer’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. AMF Tjanstepension AB purchased a new stake in shares of Costco Wholesale in the third quarter worth about $42,896,000. Wedge Capital Management L L P NC purchased a new stake in shares of Costco Wholesale in the third quarter worth about $213,000. Creative Planning boosted its position in shares of Costco Wholesale by 5.5% in the third quarter. Creative Planning now owns 224,169 shares of the retailer’s stock worth $194,245,000 after buying an additional 11,678 shares during the period. Swedbank AB boosted its position in shares of Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the period. Finally, Indiana Trust & Investment Management Co boosted its position in shares of Costco Wholesale by 4.3% in the third quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock worth $6,851,000 after buying an additional 316 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 1.1 %

Shares of Costco Wholesale stock opened at $1,076.86 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business’s 50 day simple moving average is $966.02 and its 200-day simple moving average is $919.48. The stock has a market capitalization of $478.02 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COST. Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Truist Financial increased their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein assumed coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Company 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.