Pinnacle Wealth Management Advisory Group LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,270 shares of the retailer’s stock after acquiring an additional 227 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Costco Wholesale were worth $4,829,000 at the end of the most recent quarter.

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

Costco Wholesale Price Performance

Shares of COST opened at $1,071.85 on Monday. The stock has a market capitalization of $475.79 billion, a PE ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The company has a 50 day moving average price of $969.49 and a 200-day moving average price of $923.13. 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 Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of equities analysts have commented on COST shares. Evercore ISI lifted their price objective on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Wells Fargo & Company raised their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. UBS Group boosted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale 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.