Quent Capital LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Quent Capital LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,618 shares of the retailer’s stock after buying an additional 191 shares during the quarter. Quent Capital LLC’s holdings in Costco Wholesale were worth $2,399,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial bought a new position in Costco Wholesale during the 4th quarter valued at about $35,000. Barrett & Company Inc. raised its position in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter worth about $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.3 %

Shares of Costco Wholesale stock opened at $1,058.34 on Wednesday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,066.00. The firm’s 50 day moving average price is $963.01 and its 200-day moving average price is $916.76. 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 company has a market cap of $469.80 billion, a P/E ratio of 62.15, a PEG 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. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on COST. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. 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. Barclays increased their target price on 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 lifted 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. Finally, Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.