Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Lifted by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,415 shares of the retailer’s stock after purchasing an additional 14 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Costco Wholesale were worth $2,213,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Barrett & Company Inc. raised its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $55,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 1.7 %

Costco Wholesale stock opened at $1,061.92 on Tuesday. The firm has a market cap of $471.39 billion, a PE ratio of 62.36, a P/E/G 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. The firm’s 50 day moving average price is $961.27 and its two-hundred day moving average price is $915.02. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Loop Capital boosted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. Morgan Stanley boosted their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target 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.