Cedar Mountain Advisors LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cedar Mountain Advisors LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 364 shares of the retailer’s stock after buying an additional 38 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in Costco Wholesale were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale during the 3rd quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $58,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on COST shares. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barclays upped their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Truist Financial upped their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Loop Capital upped their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Oppenheimer restated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of COST opened at $939.68 on Monday. The business’s 50 day moving average is $951.57 and its 200 day moving average is $903.84. The company has a market capitalization of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid 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 yield of 0.49%. Costco Wholesale’s 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.