Tufton Capital Management Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Tufton Capital Management grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,604 shares of the retailer’s stock after purchasing an additional 27 shares during the quarter. Tufton Capital Management’s holdings in Costco Wholesale were worth $2,386,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cromwell Holdings LLC boosted its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock worth $1,048,000 after acquiring an additional 10 shares in the last quarter. 44 Wealth Management LLC raised its position in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the last quarter. SRN Advisors LLC raised its position in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after acquiring an additional 10 shares during the last quarter. Sculati Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of several recent research reports. Robert W. Baird upped their target price 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. DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. TD Cowen upped their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 1.0 %

Costco Wholesale stock opened at $1,021.71 on Friday. The stock has a market cap of $453.54 billion, a P/E ratio of 59.99, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company’s 50-day moving average price is $980.62 and its two-hundred day moving average price is $936.31.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio 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.