Tsfg LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Tsfg LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 985 shares of the retailer’s stock after buying an additional 108 shares during the quarter. Tsfg LLC’s holdings in Costco Wholesale were worth $903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COST. PFW Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $2,057,000. Signet Financial Management LLC lifted its holdings in shares of Costco Wholesale by 5.4% in the fourth quarter. Signet Financial Management LLC now owns 5,777 shares of the retailer’s stock valued at $5,293,000 after purchasing an additional 298 shares in the last quarter. Catalyst Private Wealth LLC grew its position in shares of Costco Wholesale by 2.7% in the fourth quarter. Catalyst Private Wealth LLC now owns 861 shares of the retailer’s stock valued at $789,000 after purchasing an additional 23 shares during the last quarter. Marion Wealth Management increased its stake in shares of Costco Wholesale by 0.9% during the 4th quarter. Marion Wealth Management now owns 2,571 shares of the retailer’s stock worth $2,355,000 after purchasing an additional 22 shares in the last quarter. Finally, Courier Capital LLC raised its position in shares of Costco Wholesale by 6.7% during the 4th quarter. Courier Capital LLC now owns 8,282 shares of the retailer’s stock worth $7,589,000 after purchasing an additional 522 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COST shares. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised 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. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $924.70 on Tuesday. The company has a market cap of $410.47 billion, a PE ratio of 54.30, a P/E/G ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The firm has a 50-day simple moving average of $948.69 and a 200 day simple moving average of $899.73. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. 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.