Free Trial

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

Costco Wholesale logo with Retail/Wholesale background

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.

Read Our Latest Research Report on Costco Wholesale

About Costco Wholesale

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Should You Invest $1,000 in Costco Wholesale Right Now?

Before you consider Costco Wholesale, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list.

While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines