Manuka Financial LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Manuka Financial LLC purchased a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 281 shares of the retailer's stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Costco Wholesale by 1.2% in the third 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 period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Costco Wholesale by 62.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer's stock valued at $2,143,000 after buying an additional 932 shares in the last quarter. Hudson Value Partners LLC boosted its holdings in Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer's stock worth $7,133,000 after buying an additional 568 shares during the period. Nwam LLC purchased a new stake in Costco Wholesale in the 3rd quarter worth $20,056,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale during the fourth quarter valued at about $8,430,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 1.7 %

COST stock traded up $17.68 during midday trading on Wednesday, reaching $1,039.54. The company's stock had a trading volume of 912,103 shares, compared to its average volume of 1,913,795. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,036.54. The firm has a market capitalization of $461.45 billion, a price-to-earnings ratio of 60.93, a PEG ratio of 5.84 and a beta of 0.84. The stock has a fifty day simple moving average of $956.42 and a two-hundred day simple moving average of $910.75. 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 Dividend Announcement

The firm also recently declared 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 of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale's payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COST. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Evercore ISI increased their price objective 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. Raymond James boosted their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Monday. Finally, Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a "hold" rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

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.