PFG Investments LLC Has $16.44 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

PFG Investments LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,946 shares of the retailer’s stock after buying an additional 312 shares during the period. Costco Wholesale accounts for about 1.0% of PFG Investments LLC’s investment portfolio, making the stock its 11th biggest holding. PFG Investments LLC’s holdings in Costco Wholesale were worth $16,443,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COST. Sunbelt Securities Inc. increased its stake in shares of Costco Wholesale by 3.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,172 shares of the retailer’s stock valued at $5,246,000 after acquiring an additional 186 shares during the last quarter. Invst LLC increased its stake in Costco Wholesale by 6.5% in the second quarter. Invst LLC now owns 3,581 shares of the retailer’s stock valued at $3,028,000 after purchasing an additional 219 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in Costco Wholesale by 5.8% in the second quarter. Gateway Wealth Partners LLC now owns 802 shares of the retailer’s stock worth $682,000 after purchasing an additional 44 shares during the period. Kimelman & Baird LLC bought a new position in shares of Costco Wholesale during the second quarter worth $55,508,000. Finally, HWG Holdings LP acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $4,728,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $965.25 on Tuesday. 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 company has a market capitalization of $428.47 billion, a P/E ratio of 56.68, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $686.26 and a 12 month high of $1,008.25. The stock has a 50 day moving average of $951.57 and a 200-day moving average of $903.97.

Costco Wholesale Dividend Announcement

The business 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 of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of several research analyst reports. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Raymond James boosted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. TD Cowen raised their target price 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. Finally, Evercore ISI upped their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.