Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,896 shares of the retailer’s stock after buying an additional 1,177 shares during the period. Perigon Wealth Management LLC’s holdings in Costco Wholesale were worth $19,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $41,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $55,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several analyst reports. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. DA Davidson upped their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Loop Capital increased their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $964.02 on Thursday. Costco Wholesale Co. has a 1-year low of $690.80 and a 1-year high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $953.06 and a 200-day simple moving average of $905.62. The stock has a market capitalization of $427.93 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.