Sloy Dahl & Holst LLC Has $1.25 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sloy Dahl & Holst LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,361 shares of the retailer’s stock after acquiring an additional 200 shares during the period. Sloy Dahl & Holst LLC’s holdings in Costco Wholesale were worth $1,247,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $41,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $58,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price for the company. Wells Fargo & Company boosted their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

COST opened at $1,021.86 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $453.60 billion, a P/E ratio of 60.00, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The company’s 50 day simple moving average is $955.41 and its 200-day simple moving average is $909.45. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,024.35.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.