McDonough Capital Management Inc Has $4.11 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

McDonough Capital Management Inc boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 13.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,485 shares of the retailer’s stock after buying an additional 540 shares during the quarter. Costco Wholesale makes up about 2.5% of McDonough Capital Management Inc’s portfolio, making the stock its 12th biggest position. McDonough Capital Management Inc’s holdings in Costco Wholesale were worth $4,110,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $628,000. First Business Financial Services Inc. boosted its stake in shares of Costco Wholesale by 2.6% during the 4th quarter. First Business Financial Services Inc. now owns 4,180 shares of the retailer’s stock worth $3,830,000 after acquiring an additional 104 shares during the period. Vision Financial Markets LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $1,190,000. Arizona State Retirement System boosted its stake in shares of Costco Wholesale by 1.3% during the 4th quarter. Arizona State Retirement System now owns 128,775 shares of the retailer’s stock worth $117,993,000 after acquiring an additional 1,692 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Costco Wholesale by 32.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,700 shares of the retailer’s stock worth $2,474,000 after acquiring an additional 668 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on COST shares. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Morgan Stanley boosted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. BMO Capital Markets boosted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. UBS Group boosted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 1.0 %

NASDAQ COST opened at $1,047.75 on Thursday. The business’s 50-day moving average price is $987.79 and its two-hundred day moving average price is $941.75. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The firm has a market capitalization of $465.10 billion, a PE ratio of 61.52, a price-to-earnings-growth ratio of 6.15 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 Dividend Announcement

The business 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. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.