Noble Wealth Management PBC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Noble Wealth Management PBC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 183 shares of the retailer’s stock, valued at approximately $168,000.

Several other institutional investors have also recently added to or reduced their stakes in COST. Fisher Asset Management LLC increased its holdings in shares of Costco Wholesale by 1.4% during the fourth quarter. Fisher Asset Management LLC now owns 3,077,905 shares of the retailer’s stock worth $2,820,193,000 after buying an additional 43,414 shares in the last quarter. Conservest Capital Advisors Inc. bought a new stake in Costco Wholesale during the 4th quarter worth approximately $279,000. Bank OZK increased its holdings in Costco Wholesale by 4.1% during the 4th quarter. Bank OZK now owns 3,647 shares of the retailer’s stock valued at $3,342,000 after purchasing an additional 145 shares in the last quarter. Maple Capital Management Inc. raised its position in Costco Wholesale by 0.4% in the 4th quarter. Maple Capital Management Inc. now owns 61,887 shares of the retailer’s stock valued at $56,705,000 after purchasing an additional 245 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Costco Wholesale in the fourth quarter worth $24,712,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 2.6 %

NASDAQ COST opened at $1,048.61 on Friday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $465.48 billion, a P/E ratio of 61.57, a P/E/G ratio of 6.15 and a beta of 0.84. The stock’s 50-day moving average is $982.51 and its 200-day moving average is $938.10.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of analysts have recently weighed in on COST shares. DA Davidson raised their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Barclays boosted their target price 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. Raymond James upped their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Finally, BMO Capital Markets upped their price objective 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. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.