GC Wealth Management RIA LLC Has $2.42 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

GC Wealth Management RIA LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 30.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,637 shares of the retailer’s stock after selling 1,136 shares during the quarter. GC Wealth Management RIA LLC’s holdings in Costco Wholesale were worth $2,416,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Nwam LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of Costco Wholesale during the 4th quarter worth $8,430,000. GAMMA Investing LLC increased its stake in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd acquired a new position in shares of Costco Wholesale during the 4th quarter worth $984,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Barclays upped their price objective on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday. Jefferies Financial Group upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Price Performance

NASDAQ:COST opened at $934.41 on Tuesday. The company has a market capitalization of $414.78 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The company has a 50-day moving average of $989.94 and a 200-day moving average of $944.28. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

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

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Costco Wholesale Company 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.