Jmac Enterprises LLC Buys 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jmac Enterprises LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,401 shares of the retailer’s stock after acquiring an additional 19 shares during the quarter. Jmac Enterprises LLC’s holdings in Costco Wholesale were worth $1,284,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

NASDAQ:COST opened at $1,065.12 on Thursday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,067.00. The stock has a 50-day moving average price of $964.53 and a two-hundred day moving average price of $918.45. The stock has a market cap of $472.81 billion, a price-to-earnings ratio of 62.54, a PEG ratio of 6.26 and a beta of 0.84. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Loop Capital raised their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company 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.