Abel Hall LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Abel Hall LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 477 shares of the retailer’s stock after buying an additional 21 shares during the quarter. Abel Hall LLC’s holdings in Costco Wholesale were worth $437,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the third quarter valued at $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COST shares. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Loop Capital raised their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

COST opened at $979.88 on Friday. Costco Wholesale Co. has a twelve month low of $691.50 and a twelve month high of $1,008.25. The firm has a market capitalization of $434.97 billion, a PE ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $954.19 and its 200 day moving average price is $906.54.

Costco Wholesale Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.