Richardson Capital Management LLC Purchases 11 Shares of Costco Wholesale Co. (NASDAQ:COST)

Richardson Capital Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142 shares of the retailer’s stock after buying an additional 11 shares during the period. Richardson Capital Management LLC’s holdings in Costco Wholesale were worth $130,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at $33,000. Collier Financial purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $35,000. Barrett & Company Inc. boosted its stake in 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 in the last quarter. Finally, FSC Wealth Advisors LLC bought a new position in Costco Wholesale in the 4th quarter worth about $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 0.0 %

Shares of NASDAQ:COST opened at $1,035.03 on Friday. The stock has a 50 day moving average of $975.61 and a 200 day moving average of $931.39. The company has a market cap of $459.45 billion, a PE ratio of 60.78, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. 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 company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s payout ratio is currently 27.25%.

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.