Aveo Capital Partners LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Aveo Capital Partners LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 44.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,677 shares of the retailer’s stock after acquiring an additional 513 shares during the quarter. Aveo Capital Partners LLC’s holdings in Costco Wholesale were worth $1,537,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased 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 during the 4th quarter valued at approximately $35,000. Barrett & Company Inc. raised its stake in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the 4th quarter valued at $41,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 0.5 %

COST stock opened at $1,071.85 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23. The company has a market cap of $475.79 billion, a PE ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. The business’s 50-day simple moving average is $969.49 and its 200 day simple moving average is $922.35. 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 Announces Dividend

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. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COST. Roth Mkm raised their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. BMO Capital Markets lifted their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Loop Capital lifted their price objective 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, Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.