Kirtland Hills Capital Management LLC Raises Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Kirtland Hills Capital Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,982 shares of the retailer’s stock after acquiring an additional 22 shares during the quarter. Costco Wholesale accounts for about 1.2% of Kirtland Hills Capital Management LLC’s holdings, making the stock its 23rd largest position. Kirtland Hills Capital Management LLC’s holdings in Costco Wholesale were worth $1,816,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter worth about $33,000. Collier Financial purchased a new stake in Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. increased its stake in shares of 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 purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on COST. Telsey Advisory Group reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Loop Capital lifted 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 note on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 1.9 %

Shares of NASDAQ:COST opened at $1,055.66 on Wednesday. The firm has a fifty day moving average of $977.94 and a 200 day moving average of $935.03. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market capitalization of $468.61 billion, a PE ratio of 61.99, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. 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.