Portfolio Design Labs LLC Acquires 519 Shares of Costco Wholesale Co. (NASDAQ:COST)

Portfolio Design Labs LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 110.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 987 shares of the retailer’s stock after purchasing an additional 519 shares during the quarter. Portfolio Design Labs LLC’s holdings in Costco Wholesale were worth $904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Fortress Financial Solutions LLC bought a new stake in shares of Costco Wholesale in the fourth quarter worth about $478,000. Quent Capital LLC boosted its position in Costco Wholesale by 7.9% during the 4th quarter. Quent Capital LLC now owns 2,618 shares of the retailer’s stock valued at $2,399,000 after acquiring an additional 191 shares in the last quarter. New Republic Capital LLC boosted its position in Costco Wholesale by 12.7% during the 4th quarter. New Republic Capital LLC now owns 542 shares of the retailer’s stock valued at $497,000 after acquiring an additional 61 shares in the last quarter. Collier Financial bought a new stake in Costco Wholesale during the 4th quarter valued at approximately $35,000. Finally, JSF Financial LLC boosted its position in Costco Wholesale by 14.5% during the 4th quarter. JSF Financial LLC now owns 4,406 shares of the retailer’s stock valued at $4,037,000 after acquiring an additional 557 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays lifted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Oppenheimer reaffirmed an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Robert W. Baird lifted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Performance

COST stock opened at $1,058.34 on Wednesday. The stock has a market capitalization of $469.80 billion, a PE ratio of 62.15, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,066.00. 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 stock’s 50 day simple moving average is $963.01 and its 200 day simple moving average is $916.76.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. 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.