Brentview Investment Management LLC Invests $4.52 Million in Costco Wholesale Co. (NASDAQ:COST)

Brentview Investment Management LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,935 shares of the retailer's stock, valued at approximately $4,522,000. Costco Wholesale comprises approximately 2.6% of Brentview Investment Management LLC's holdings, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Fermata Advisors LLC grew its position in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock worth $1,745,000 after purchasing an additional 11 shares in the last quarter. Sculati Wealth Management LLC boosted its position in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer's stock worth $3,235,000 after buying an additional 11 shares during the period. Sivia Capital Partners LLC raised its position in Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer's stock valued at $3,398,000 after buying an additional 11 shares during the period. Gill Capital Partners LLC lifted its stake in Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer's stock worth $1,164,000 after acquiring an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC boosted its position in Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer's stock worth $1,247,000 after acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COST. Stifel Nicolaus upped their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a "buy" rating in a report on Thursday. Tigress Financial reiterated a "buy" rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Evercore ISI lifted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group upped their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $1,016.00 price objective for the company. 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded down $7.18 during trading hours on Friday, hitting $1,043.81. 1,631,600 shares of the company's stock were exchanged, compared to its average volume of 1,963,097. The company's 50-day moving average price is $959.83 and its 200-day moving average price is $912.64. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,063.00. The stock has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 5.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

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

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.