PrairieView Partners LLC Has $913,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

PrairieView Partners LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997 shares of the retailer’s stock after buying an additional 33 shares during the period. PrairieView Partners LLC’s holdings in Costco Wholesale were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at $33,000. Collier Financial acquired a new position in Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. lifted its stake 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 buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 1.1 %

COST stock opened at $1,076.86 on Friday. The stock has a fifty day moving average of $966.02 and a 200-day moving average of $919.48. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a market capitalization of $478.02 billion, a price-to-earnings ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The firm also recently announced 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 yield of 0.43%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of research firms recently weighed in on COST. Barclays upped their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. BMO Capital Markets raised their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.