Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Williamson Legacy Group LLC

Williamson Legacy Group LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,212 shares of the retailer’s stock after acquiring an additional 21 shares during the quarter. Williamson Legacy Group LLC’s holdings in Costco Wholesale were worth $1,111,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the third quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $35,000. Barrett & Company Inc. grew its position in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 2.6 %

Costco Wholesale stock opened at $1,048.61 on Friday. 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 business’s 50-day simple moving average is $982.51 and its 200-day simple moving average is $937.59. The firm has a market capitalization of $465.48 billion, a PE ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of brokerages have recently commented on COST. Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Wells Fargo & Company lifted 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. TD Cowen lifted their price objective on 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, Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.