Ingalls & Snyder LLC Has $1.80 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Ingalls & Snyder LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,963 shares of the retailer’s stock after purchasing an additional 254 shares during the period. Ingalls & Snyder LLC’s holdings in Costco Wholesale were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Consolidated Planning Corp raised its stake in shares of Costco Wholesale by 17.1% during the fourth quarter. Consolidated Planning Corp now owns 8,768 shares of the retailer’s stock worth $8,034,000 after buying an additional 1,280 shares during the last quarter. Raab & Moskowitz Asset Management LLC grew its holdings in Costco Wholesale by 5.3% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 15,129 shares of the retailer’s stock worth $13,863,000 after acquiring an additional 759 shares during the period. Warren Street Wealth Advisors LLC grew its holdings in Costco Wholesale by 12.4% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 544 shares of the retailer’s stock worth $498,000 after acquiring an additional 60 shares during the period. MFG Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter valued at $2,341,000. Finally, Hidden Cove Wealth Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $369,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Evercore ISI boosted their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Truist Financial increased their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Stock Up 1.1 %

Shares of Costco Wholesale stock opened at $1,076.86 on Friday. The business’s 50 day simple moving average is $966.02 and its 200 day simple moving average is $919.48. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The firm has a market cap of $478.02 billion, a PE ratio of 63.23, a P/E/G ratio of 6.26 and a beta of 0.84. 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 Announces Dividend

The company also recently announced 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.