BayBridge Capital Group LLC Purchases 131 Shares of Costco Wholesale Co. (NASDAQ:COST)

BayBridge Capital Group LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,864 shares of the retailer’s stock after purchasing an additional 131 shares during the quarter. Costco Wholesale comprises approximately 1.2% of BayBridge Capital Group LLC’s portfolio, making the stock its 17th biggest holding. BayBridge Capital Group LLC’s holdings in Costco Wholesale were worth $1,708,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of COST. Joel Isaacson & Co. LLC boosted its holdings in Costco Wholesale by 1.2% in the 4th quarter. Joel Isaacson & Co. LLC now owns 3,799 shares of the retailer’s stock worth $3,481,000 after buying an additional 44 shares during the period. Clarity Wealth Advisors LLC grew its position in shares of Costco Wholesale by 1.0% in the fourth quarter. Clarity Wealth Advisors LLC now owns 11,442 shares of the retailer’s stock valued at $10,484,000 after purchasing an additional 115 shares in the last quarter. Seamount Financial Group Inc. raised its stake in shares of Costco Wholesale by 16.3% during the 4th quarter. Seamount Financial Group Inc. now owns 2,283 shares of the retailer’s stock valued at $2,092,000 after purchasing an additional 320 shares during the period. Northstar Group Inc. lifted its holdings in Costco Wholesale by 2.1% during the 4th quarter. Northstar Group Inc. now owns 21,840 shares of the retailer’s stock worth $20,011,000 after purchasing an additional 447 shares in the last quarter. Finally, Shepherd Financial Partners LLC boosted its stake in Costco Wholesale by 2.2% in the 4th quarter. Shepherd Financial Partners LLC now owns 3,347 shares of the retailer’s stock worth $3,067,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

Shares of Costco Wholesale stock opened at $1,043.81 on Friday. The company’s 50 day moving average price is $961.27 and its 200-day moving average price is $914.00. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. DA Davidson raised their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday. Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. 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. Finally, TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.