Jacobi Capital Management LLC Buys 30 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jacobi Capital Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the retailer’s stock after purchasing an additional 30 shares during the period. Jacobi Capital Management LLC’s holdings in Costco Wholesale were worth $2,903,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares during the last quarter. Hudson Value Partners LLC lifted its stake in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares during the last quarter. Nwam LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC lifted its stake in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after acquiring an additional 1,001 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. Morgan Stanley raised their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson increased their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Up 2.6 %

NASDAQ COST opened at $1,048.61 on Friday. The company has a fifty day simple moving average of $982.51 and a two-hundred day simple moving average of $937.59. The stock has a market cap of $465.48 billion, a P/E ratio of 61.57, a P/E/G ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is currently 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.