Caitlin John LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Caitlin John LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,796 shares of the retailer’s stock after purchasing an additional 49 shares during the quarter. Caitlin John LLC’s holdings in Costco Wholesale were worth $1,646,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. AMF Tjanstepension AB purchased a new position in shares of Costco Wholesale in the 3rd quarter valued at $42,896,000. Gunderson Capital Management Inc. increased its holdings in shares of Costco Wholesale by 47.0% in the 3rd quarter. Gunderson Capital Management Inc. now owns 435 shares of the retailer’s stock valued at $385,000 after acquiring an additional 139 shares during the period. CWM LLC increased its holdings in shares of Costco Wholesale by 6.1% in the 3rd quarter. CWM LLC now owns 54,764 shares of the retailer’s stock valued at $48,550,000 after acquiring an additional 3,151 shares during the period. Wedmont Private Capital increased its holdings in shares of Costco Wholesale by 9.1% in the 3rd quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock valued at $4,501,000 after acquiring an additional 429 shares during the period. Finally, Clarus Wealth Advisors increased its holdings in shares of Costco Wholesale by 3.2% in the 3rd quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock valued at $730,000 after acquiring an additional 26 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $1,050.99 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. The business has a 50-day moving average price of $958.04 and a 200 day moving average price of $911.67. The firm has a market cap of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the topic of several research analyst reports. Citigroup boosted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen boosted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Truist Financial boosted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Morgan Stanley boosted their target price 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. Finally, UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

About Costco Wholesale

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.