Barrett & Company Inc. Purchases 16 Shares of Costco Wholesale Co. (NASDAQ:COST)

Barrett & Company Inc. grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 59.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43 shares of the retailer’s stock after buying an additional 16 shares during the quarter. Barrett & Company Inc.’s holdings in Costco Wholesale were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought 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 bought a new position in shares of Costco Wholesale in the third quarter valued at about $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on COST shares. Robert W. Baird raised their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. 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. Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Finally, Raymond James boosted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.7 %

Shares of Costco Wholesale stock opened at $1,043.81 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. 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 company has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. The business has a 50-day moving average of $959.83 and a two-hundred day moving average of $912.64.

Costco Wholesale Dividend Announcement

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

About Costco Wholesale

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.