Panoramic Capital Partners LLC Takes $1.78 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Panoramic Capital Partners LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,946 shares of the retailer’s stock, valued at approximately $1,783,000. Costco Wholesale comprises 1.6% of Panoramic Capital Partners LLC’s holdings, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $55,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,058.34 on Wednesday. The business’s 50-day moving average price is $963.01 and its 200 day moving average price is $916.76. The firm has a market cap of $469.80 billion, a P/E ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,066.00. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. 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.