3,538 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,538 shares of the retailer’s stock, valued at approximately $3,242,000.

Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth about $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale during the 3rd quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.7 %

Shares of NASDAQ COST opened at $1,043.81 on Friday. The business’s 50 day moving average price is $959.83 and its 200-day moving average price is $912.64. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. 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 company has a market cap of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 5.84 and a beta of 0.84.

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 given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Morgan Stanley upped their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. UBS Group increased their price objective on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.