Silicon Valley Capital Partners Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Silicon Valley Capital Partners increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,831 shares of the retailer’s stock after purchasing an additional 309 shares during the period. Costco Wholesale makes up 1.3% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 20th largest holding. Silicon Valley Capital Partners’ holdings in Costco Wholesale were worth $11,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Opal Wealth Advisors LLC boosted its stake in shares of Costco Wholesale by 35.0% during the 4th quarter. Opal Wealth Advisors LLC now owns 578 shares of the retailer’s stock worth $530,000 after acquiring an additional 150 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at $517,000. Fonville Wealth Management LLC increased its holdings in Costco Wholesale by 4.9% in the 4th quarter. Fonville Wealth Management LLC now owns 492 shares of the retailer’s stock valued at $451,000 after acquiring an additional 23 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $2,159,000. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Costco Wholesale by 2.0% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 24,872 shares of the retailer’s stock worth $22,789,000 after purchasing an additional 485 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.7 %

COST opened at $1,061.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The firm has a 50 day moving average price of $961.27 and a 200 day moving average price of $915.02. The company has a market cap of $471.39 billion, a PE ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Finally, 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 research report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target 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.