258 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by Verus Wealth Management LLC

Verus Wealth Management LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 258 shares of the retailer’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the third quarter valued at $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. DA Davidson upped their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. TD Cowen increased their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 1.6 %

COST opened at $979.01 on Friday. The company has a market cap of $434.58 billion, a PE ratio of 57.49, a P/E/G ratio of 5.63 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 business has a 50 day moving average price of $953.78 and a two-hundred day moving average price of $906.03. Costco Wholesale Co. has a 52 week low of $691.50 and a 52 week high of $1,008.25.

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 paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.