Costco Wholesale Co. (NASDAQ:COST) Holdings Lifted by Avion Wealth

Avion Wealth boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 15.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 114 shares of the retailer’s stock after purchasing an additional 15 shares during the quarter. Avion Wealth’s holdings in Costco Wholesale were worth $104,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter worth about $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,065.12 on Thursday. The company has a market cap of $472.81 billion, a P/E ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,067.00. 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 company has a fifty day simple moving average of $964.53 and a 200 day simple moving average of $918.45.

Costco Wholesale Announces Dividend

The firm 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. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Loop Capital increased their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Company 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.