415 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Cathy Pareto & Associates Inc.

Cathy Pareto & Associates Inc. purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 415 shares of the retailer’s stock, valued at approximately $380,000.

Several other hedge funds have also recently bought and sold shares of the stock. Register Financial Advisors LLC lifted its holdings in shares of Costco Wholesale by 67.4% during the fourth quarter. Register Financial Advisors LLC now owns 432 shares of the retailer’s stock worth $396,000 after buying an additional 174 shares in the last quarter. PFG Investments LLC increased its position in Costco Wholesale by 1.8% during the fourth quarter. PFG Investments LLC now owns 17,946 shares of the retailer’s stock worth $16,443,000 after acquiring an additional 312 shares during the period. Strategic Investment Advisors MI raised its stake in Costco Wholesale by 0.9% in the 4th quarter. Strategic Investment Advisors MI now owns 1,318 shares of the retailer’s stock worth $1,208,000 after purchasing an additional 12 shares in the last quarter. Armbruster Capital Management Inc. boosted its holdings in Costco Wholesale by 4.0% in the 4th quarter. Armbruster Capital Management Inc. now owns 365 shares of the retailer’s stock valued at $334,000 after purchasing an additional 14 shares during the period. Finally, Drive Wealth Management LLC grew its position in shares of Costco Wholesale by 4.6% during the 4th quarter. Drive Wealth Management LLC now owns 1,330 shares of the retailer’s stock worth $1,219,000 after purchasing an additional 59 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 2.7 %

NASDAQ COST opened at $965.25 on Tuesday. The firm has a market capitalization of $428.47 billion, a PE ratio of 56.68, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The business’s 50-day moving average price is $951.57 and its two-hundred day moving average price is $903.97. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $686.26 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of research firms have recently weighed in on COST. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Stifel Nicolaus increased their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Loop Capital boosted their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Evercore ISI increased their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.