Abel Hall LLC Acquires 21 Shares of Costco Wholesale Co. (NASDAQ:COST)

Abel Hall LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477 shares of the retailer’s stock after acquiring an additional 21 shares during the period. Abel Hall LLC’s holdings in Costco Wholesale were worth $437,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter worth $33,000. FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $55,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

Shares of Costco Wholesale stock opened at $979.88 on Friday. Costco Wholesale Co. has a 52-week low of $691.50 and a 52-week high of $1,008.25. The firm’s 50 day moving average price is $954.19 and its 200-day moving average price is $906.54. 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 $434.97 billion, a P/E ratio of 57.54, a PEG ratio of 5.75 and a beta of 0.84.

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 paid a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

Several equities analysts recently commented on COST shares. Tigress Financial reiterated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.