Avion Wealth Raises Position in Costco Wholesale Co. (NASDAQ:COST)

Avion Wealth increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 15.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 114 shares of the retailer’s stock after buying an additional 15 shares during the quarter. Avion Wealth’s holdings in Costco Wholesale were worth $104,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Marks Group Wealth Management Inc grew its holdings in Costco Wholesale by 31.2% during the 4th quarter. Marks Group Wealth Management Inc now owns 1,002 shares of the retailer’s stock valued at $918,000 after purchasing an additional 238 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its position in Costco Wholesale by 1.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 2,124 shares of the retailer’s stock valued at $1,946,000 after buying an additional 25 shares during the last quarter. Jmac Enterprises LLC boosted its position in Costco Wholesale by 1.4% in the 4th quarter. Jmac Enterprises LLC now owns 1,401 shares of the retailer’s stock valued at $1,284,000 after buying an additional 19 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Costco Wholesale by 3.4% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,909 shares of the retailer’s stock valued at $1,749,000 after acquiring an additional 62 shares in the last quarter. Finally, Kentucky Trust Co purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $82,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $1,065.12 on Thursday. The stock has a market cap of $472.81 billion, a P/E ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84. The firm’s 50-day simple moving average is $964.53 and its 200 day simple moving average is $918.45. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,067.00. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. 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 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of analyst reports. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. TD Cowen upped their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.