Embree Financial Group Has $785,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Embree Financial Group reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 857 shares of the retailer’s stock after selling 36 shares during the period. Embree Financial Group’s holdings in Costco Wholesale were worth $785,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the fourth quarter worth $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter worth about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.3 %

Shares of COST stock opened at $939.68 on Monday. The stock has a 50 day simple moving average of $951.57 and a 200 day simple moving average of $903.84. Costco Wholesale Co. has a 1 year low of $675.96 and a 1 year high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $417.12 billion, a P/E ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

Several research firms recently issued reports on COST. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird upped their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

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.