Avidian Wealth Enterprises LLC Buys 62 Shares of Costco Wholesale Co. (NASDAQ:COST)

Avidian Wealth Enterprises LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,909 shares of the retailer’s stock after acquiring an additional 62 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Costco Wholesale were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in COST. Charles Schwab Investment Management Inc. increased its holdings in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares in the last quarter. Hudson Value Partners LLC increased its holdings in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after purchasing an additional 568 shares in the last quarter. Nwam LLC bought a new stake in Costco Wholesale in the third quarter worth approximately $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in Costco Wholesale in the fourth quarter worth approximately $8,430,000. Finally, GAMMA Investing LLC increased its holdings in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.6 %

COST stock opened at $1,065.12 on Thursday. The stock’s fifty day simple moving average is $964.53 and its two-hundred day simple moving average is $918.45. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,067.00. The stock has a market cap of $472.81 billion, a P/E ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Robert W. Baird boosted their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday, February 3rd. Stifel Nicolaus boosted their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has an average 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.