438 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Curbstone Financial Management Corp

Curbstone Financial Management Corp purchased a new position in Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 438 shares of the retailer's stock, valued at approximately $401,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Revolve Wealth Partners LLC raised its holdings in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares in the last quarter. Charter Oak Capital Management LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $218,000. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $41,000. IRON Financial LLC grew its stake in shares of Costco Wholesale by 2.8% in the fourth quarter. IRON Financial LLC now owns 622 shares of the retailer's stock valued at $570,000 after buying an additional 17 shares in the last quarter. Finally, BankPlus Wealth Management LLC acquired a new position in Costco Wholesale during the fourth quarter worth $643,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised 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. Tigress Financial reissued a "buy" rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. TD Cowen upped their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price for the company. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Trading Up 1.6 %

COST traded up $14.99 during trading on Thursday, hitting $979.01. The company's stock had a trading volume of 1,785,690 shares, compared to its average volume of 1,923,543. The stock's fifty day moving average price is $953.78 and its 200-day moving average price is $906.03. Costco Wholesale Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $434.58 billion, a P/E ratio of 57.49, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm 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 dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. 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.