Delta Financial Advisors LLC Acquires 17 Shares of Costco Wholesale Co. (NASDAQ:COST)

Delta Financial Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,407 shares of the retailer’s stock after purchasing an additional 17 shares during the period. Costco Wholesale comprises approximately 1.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Delta Financial Advisors LLC’s holdings in Costco Wholesale were worth $4,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $35,000. Barrett & Company Inc. increased its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.1 %

Costco Wholesale stock opened at $1,035.60 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $459.70 billion, a P/E ratio of 60.81, a P/E/G ratio of 6.15 and a beta of 0.84. The firm has a 50 day moving average price of $976.47 and a 200-day moving average price of $933.62. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the subject of several research analyst reports. UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.