Opal Wealth Advisors LLC Buys 150 Shares of Costco Wholesale Co. (NASDAQ:COST)

Opal Wealth Advisors LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 35.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 578 shares of the retailer’s stock after acquiring an additional 150 shares during the period. Opal Wealth Advisors LLC’s holdings in Costco Wholesale were worth $530,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Costco Wholesale by 1.7% during the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares in the last quarter. FMR LLC increased its stake in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after buying an additional 7,364,453 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Costco Wholesale by 3.8% during the third quarter. Jennison Associates LLC now owns 3,399,127 shares of the retailer’s stock valued at $3,013,394,000 after buying an additional 125,444 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Costco Wholesale by 2.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,075,065 shares of the retailer’s stock worth $2,726,107,000 after purchasing an additional 70,561 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on COST shares. Evercore ISI upped their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Tigress Financial restated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Roth Mkm upped their target price 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. Finally, DA Davidson increased their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Trading Up 1.7 %

Shares of Costco Wholesale stock opened at $1,061.92 on Tuesday. The company has a market cap of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00. The company’s fifty day simple moving average is $961.27 and its 200-day simple moving average is $915.02. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is presently 27.25%.

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.