Phillips Financial Management LLC Has $284,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Phillips Financial Management LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 310 shares of the retailer’s stock after acquiring an additional 30 shares during the period. Phillips Financial Management LLC’s holdings in Costco Wholesale were worth $284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in Costco Wholesale by 74,796.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,521,893 shares of the retailer’s stock valued at $1,394,465,000 after buying an additional 1,519,861 shares during the period. Strategic Financial Concepts LLC grew its position in shares of Costco Wholesale by 100,422.3% in the fourth quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock valued at $729,476,000 after purchasing an additional 795,345 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Costco Wholesale by 55.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock worth $979,284,000 after buying an additional 382,367 shares in the last quarter. FMR LLC grew its position in Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after buying an additional 324,973 shares in the last quarter. Finally, Amundi grew its position in Costco Wholesale by 11.2% during the fourth quarter. Amundi now owns 2,299,535 shares of the retailer’s stock worth $2,132,519,000 after buying an additional 231,969 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, DA Davidson lifted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,030.43.

Costco Wholesale Trading Down 0.4 %

Shares of COST stock opened at $927.08 on Thursday. The company’s fifty day simple moving average is $990.44 and its two-hundred day simple moving average is $944.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.24. The stock has a market capitalization of $411.53 billion, a price-to-earnings ratio of 54.44, a PEG ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion for the quarter, compared to analysts’ expectations of $63.02 billion. As a group, analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is 27.09%.

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.