Costco Wholesale Co. (NASDAQ:COST) Stock Position Raised by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,050 shares of the retailer’s stock after purchasing an additional 597 shares during the period. Flagship Harbor Advisors LLC’s holdings in Costco Wholesale were worth $6,460,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the 4th quarter valued at about $33,000. Retirement Wealth Solutions LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth approximately $58,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Loop Capital upped 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 note on Friday, December 13th. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, Robert W. Baird lifted their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of COST opened at $939.68 on Monday. The stock’s 50-day moving average price is $951.57 and its 200 day moving average price is $903.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm has a market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale Company 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.