Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Kercheville Advisors LLC

Kercheville Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,580 shares of the retailer’s stock after acquiring an additional 400 shares during the quarter. Costco Wholesale comprises 4.5% of Kercheville Advisors LLC’s investment portfolio, making the stock its 5th biggest holding. Kercheville Advisors LLC’s holdings in Costco Wholesale were worth $11,526,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in Costco Wholesale during the 4th quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. DA Davidson lifted their price target 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. Barclays lifted their price target 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. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. BMO Capital Markets lifted 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 report on Friday, December 13th. Finally, Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Price Performance

NASDAQ COST opened at $1,050.99 on Friday. The stock has a 50-day simple moving average of $958.04 and a 200 day simple moving average of $911.67. 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 market capitalization of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.