Costco Wholesale Co. (NASDAQ:COST) Stock Position Lifted by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,158 shares of the retailer’s stock after purchasing an additional 410 shares during the period. Soltis Investment Advisors LLC’s holdings in Costco Wholesale were worth $2,894,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,061.92 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The stock’s fifty day simple moving average is $961.27 and its 200 day simple moving average is $915.02. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,063.00.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COST. Truist Financial raised their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird raised their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Citigroup raised their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.