Centerpoint Advisory Group Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Centerpoint Advisory Group purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 713 shares of the retailer’s stock, valued at approximately $653,000.

A number of other institutional investors have also recently bought and sold shares of the company. Palumbo Wealth Management LLC boosted its position in Costco Wholesale by 6.2% during the fourth quarter. Palumbo Wealth Management LLC now owns 6,018 shares of the retailer’s stock valued at $5,514,000 after purchasing an additional 350 shares during the last quarter. Everhart Financial Group Inc. boosted its position in Costco Wholesale by 3.6% during the fourth quarter. Everhart Financial Group Inc. now owns 3,499 shares of the retailer’s stock valued at $3,206,000 after purchasing an additional 123 shares during the last quarter. Lakeridge Wealth Management LLC boosted its position in Costco Wholesale by 7.3% during the fourth quarter. Lakeridge Wealth Management LLC now owns 751 shares of the retailer’s stock valued at $688,000 after purchasing an additional 51 shares during the last quarter. Next Level Wealth Planning LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at $409,000. Finally, TigerOak Management L.L.C. acquired a new stake in Costco Wholesale during the fourth quarter valued at $661,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.5 %

Shares of COST opened at $1,071.85 on Monday. The business’s 50 day simple moving average is $969.49 and its 200-day simple moving average is $923.13. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $475.79 billion, a P/E ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Morgan Stanley lifted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus boosted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Barclays boosted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. TD Cowen boosted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Evercore ISI boosted their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.