Angeles Wealth Management LLC Buys 769 Shares of Costco Wholesale Co. (NASDAQ:COST)

Angeles Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,687 shares of the retailer’s stock after buying an additional 769 shares during the period. Costco Wholesale comprises about 0.7% of Angeles Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Angeles Wealth Management LLC’s holdings in Costco Wholesale were worth $8,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $33,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Costco Wholesale during the fourth quarter worth $55,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.7 %

COST opened at $1,061.92 on Tuesday. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The firm has a market capitalization of $471.39 billion, a P/E ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The company’s 50-day moving average is $961.27 and its 200 day moving average is $915.02. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The firm 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 of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird increased their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley raised their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Barclays boosted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.