CKW Financial Group Acquires 20 Shares of Costco Wholesale Co. (NASDAQ:COST)

CKW Financial Group lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,410 shares of the retailer’s stock after purchasing an additional 20 shares during the period. Costco Wholesale accounts for about 0.3% of CKW Financial Group’s investment portfolio, making the stock its 17th biggest holding. CKW Financial Group’s holdings in Costco Wholesale were worth $2,208,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter worth $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter valued at about $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on COST. Stifel Nicolaus raised their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital raised their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley upped their price objective 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. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $958.67 on Wednesday. The stock has a market capitalization of $425.55 billion, a P/E ratio of 56.29, a P/E/G ratio of 5.63 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 Co. has a 1-year low of $686.26 and a 1-year high of $1,008.25. The business has a 50-day moving average price of $952.49 and a two-hundred day moving average price of $904.81.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s payout ratio 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.