Highview Capital Management LLC DE Acquires 40 Shares of Costco Wholesale Co. (NASDAQ:COST)

Highview Capital Management LLC DE raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 4,813 shares of the retailer’s stock after buying an additional 40 shares during the period. Costco Wholesale comprises 1.7% of Highview Capital Management LLC DE’s holdings, making the stock its 19th biggest holding. Highview Capital Management LLC DE’s holdings in Costco Wholesale were worth $4,410,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Evercore ISI increased their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Loop Capital raised their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Truist Financial boosted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, DA Davidson boosted their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.5 %

COST stock opened at $1,071.85 on Tuesday. The stock has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The business has a 50-day moving average of $969.49 and a 200-day moving average of $923.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

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 given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. Costco Wholesale’s payout ratio is 27.25%.

Costco Wholesale 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.