Creative Capital Management Investments LLC Has $416,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Creative Capital Management Investments LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 454 shares of the retailer’s stock after purchasing an additional 25 shares during the quarter. Costco Wholesale makes up approximately 0.2% of Creative Capital Management Investments LLC’s portfolio, making the stock its 29th largest position. Creative Capital Management Investments LLC’s holdings in Costco Wholesale were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale in the fourth quarter valued at approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Loop Capital lifted their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Finally, DA Davidson boosted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 1.5 %

COST opened at $1,056.03 on Wednesday. The firm’s 50-day simple moving average is $972.43 and its 200-day simple moving average is $927.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The firm has a market cap of $468.77 billion, a price-to-earnings ratio of 62.01, a PEG ratio of 6.37 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

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.