Costco Wholesale Co. (NASDAQ:COST) Stock Position Increased by TFG Advisers LLC

TFG Advisers LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,894 shares of the retailer’s stock after buying an additional 42 shares during the period. Costco Wholesale accounts for about 2.9% of TFG Advisers LLC’s investment portfolio, making the stock its 5th biggest position. TFG Advisers LLC’s holdings in Costco Wholesale were worth $8,149,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth about $33,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $55,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

COST opened at $1,043.81 on Friday. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $961.27 and its 200-day moving average price is $914.00. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors 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 is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. DA Davidson boosted 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. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets increased their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target 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.