Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Hilltop Partners LLC

Hilltop Partners LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 43.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,112 shares of the retailer’s stock after purchasing an additional 337 shares during the quarter. Hilltop Partners LLC’s holdings in Costco Wholesale were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $35,000. Barrett & Company Inc. grew its holdings in shares of Costco Wholesale by 59.3% during the fourth 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. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,021.71 on Friday. The company has a market capitalization of $453.54 billion, a PE ratio of 59.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a fifty day moving average of $980.62 and a 200-day moving average of $936.31. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Ratings Changes

COST has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Roth Mkm upped their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. DA Davidson lifted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, February 14th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.