Costco Wholesale Co. (NASDAQ:COST) is Thomas Story & Son LLC’s Largest Position

Thomas Story & Son LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,289 shares of the retailer’s stock after selling 119 shares during the quarter. Costco Wholesale comprises approximately 7.4% of Thomas Story & Son LLC’s investment portfolio, making the stock its largest holding. Thomas Story & Son LLC’s holdings in Costco Wholesale were worth $17,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Elser Financial Planning Inc acquired a new position in Costco Wholesale in the 4th quarter worth approximately $422,000. Silicon Valley Capital Partners grew its stake in shares of Costco Wholesale by 2.5% during the 4th quarter. Silicon Valley Capital Partners now owns 12,831 shares of the retailer’s stock worth $11,756,000 after purchasing an additional 309 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Costco Wholesale by 35.0% during the 4th quarter. Opal Wealth Advisors LLC now owns 578 shares of the retailer’s stock worth $530,000 after purchasing an additional 150 shares during the period. Wingate Wealth Advisors Inc. acquired a new stake in Costco Wholesale in the 4th quarter valued at $517,000. Finally, Fonville Wealth Management LLC grew its stake in Costco Wholesale by 4.9% in the 4th quarter. Fonville Wealth Management LLC now owns 492 shares of the retailer’s stock valued at $451,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Robert W. Baird raised their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Barclays raised their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Truist Financial raised their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 1.7 %

Shares of NASDAQ:COST opened at $1,061.92 on Tuesday. The company has a market capitalization of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $961.27 and a 200 day moving average price of $915.02. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,063.00.

Costco Wholesale Announces Dividend

The company 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 $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. 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.