Schulhoff & Co. Inc. Has $1.32 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Schulhoff & Co. Inc. boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,444 shares of the retailer’s stock after purchasing an additional 29 shares during the period. Schulhoff & Co. Inc.’s holdings in Costco Wholesale were worth $1,324,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC boosted its stake in Costco Wholesale by 74,796.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after buying an additional 1,519,861 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in shares of Costco Wholesale by 100,422.3% during the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after acquiring an additional 795,345 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Costco Wholesale by 55.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares in the last quarter. FMR LLC grew its holdings in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $157,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.0 %

NASDAQ:COST opened at $1,021.71 on Friday. The firm has a market capitalization of $453.54 billion, a price-to-earnings ratio of 59.99, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The business’s 50-day moving average price is $980.62 and its two-hundred day moving average price is $936.31. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of 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. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Finally, TD Cowen increased their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.