Guidance Capital Inc. Buys 1,080 Shares of Costco Wholesale Co. (NASDAQ:COST)

Guidance Capital Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 83.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,378 shares of the retailer’s stock after acquiring an additional 1,080 shares during the period. Costco Wholesale makes up about 0.7% of Guidance Capital Inc.’s holdings, making the stock its 24th largest holding. Guidance Capital Inc.’s holdings in Costco Wholesale were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth $41,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Costco Wholesale in the third quarter worth $58,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,042.88 on Thursday. The stock has a market cap of $462.93 billion, a P/E ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The firm’s fifty day simple moving average is $956.42 and its 200 day simple moving average is $910.75. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,043.09. 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COST. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.