Mezzasalma Advisors LLC Has $3.78 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Mezzasalma Advisors LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,121 shares of the retailer’s stock after acquiring an additional 329 shares during the quarter. Costco Wholesale accounts for 1.2% of Mezzasalma Advisors LLC’s portfolio, making the stock its 17th largest position. Mezzasalma Advisors LLC’s holdings in Costco Wholesale were worth $3,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in COST. Charles Schwab Investment Management Inc. boosted its holdings in shares of Costco Wholesale by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after acquiring an additional 32,074 shares in the last quarter. Hudson Value Partners LLC raised its position in Costco Wholesale by 7.6% in the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after purchasing an additional 568 shares during the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Costco Wholesale during the fourth quarter worth $8,430,000. Finally, GAMMA Investing LLC raised its holdings in shares of Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.7 %

Shares of Costco Wholesale stock opened at $1,043.81 on Friday. The firm has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. The business’s 50 day simple moving average is $961.27 and its 200 day simple moving average is $914.00. 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 52-week low of $697.27 and a 52-week high of $1,063.00.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Roth Mkm upped their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus increased their price objective on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price 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.