Edge Capital Group LLC Purchases 13,478 Shares of Costco Wholesale Co. (NASDAQ:COST)

Edge Capital Group LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 752.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,269 shares of the retailer’s stock after acquiring an additional 13,478 shares during the period. Edge Capital Group LLC’s holdings in Costco Wholesale were worth $13,991,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the period. Hudson Value Partners LLC grew its stake in shares of Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the period. Nwam LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $8,430,000. Finally, GAMMA Investing LLC grew its stake in shares of Costco Wholesale by 15.0% in the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after purchasing an additional 1,001 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. UBS Group upped their price objective 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. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Barclays boosted their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

COST opened at $1,035.03 on Monday. The company has a fifty day simple moving average of $975.61 and a 200 day simple moving average of $932.24. The stock has a market cap of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. 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 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is 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.