Grimes & Company Inc. Has $1.29 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Grimes & Company Inc. boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,409 shares of the retailer’s stock after purchasing an additional 38 shares during the period. Grimes & Company Inc.’s holdings in Costco Wholesale were worth $1,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Renaissance Technologies LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth about $4,202,000. Beck Bode LLC grew its holdings in Costco Wholesale by 1.7% during the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock worth $13,563,000 after acquiring an additional 260 shares during the period. Beaird Harris Wealth Management LLC grew its holdings in Costco Wholesale by 8.2% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 554 shares of the retailer’s stock worth $471,000 after acquiring an additional 42 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter valued at about $14,809,000. Finally, Arkos Global Advisors grew its stake in shares of Costco Wholesale by 4.4% in the 2nd quarter. Arkos Global Advisors now owns 591 shares of the retailer’s stock valued at $502,000 after buying an additional 25 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $939.68 on Friday. The company’s 50 day moving average price is $951.57 and its two-hundred day moving average price is $903.72. 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 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently commented on COST. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Jefferies Financial Group raised their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Truist Financial raised their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Raymond James raised their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus 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.