Beacon Financial Advisory LLC Has $669,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Beacon Financial Advisory LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 730 shares of the retailer’s stock after buying an additional 11 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Costco Wholesale were worth $669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Caitlin John LLC raised its position in shares of Costco Wholesale by 2.8% in the fourth quarter. Caitlin John LLC now owns 1,796 shares of the retailer’s stock valued at $1,646,000 after purchasing an additional 49 shares during the period. YANKCOM Partnership acquired a new position in Costco Wholesale in the 4th quarter valued at about $1,270,000. Bleakley Financial Group LLC raised its holdings in Costco Wholesale by 7.7% in the 4th quarter. Bleakley Financial Group LLC now owns 10,941 shares of the retailer’s stock valued at $10,025,000 after acquiring an additional 783 shares during the period. Centennial Wealth Advisory LLC lifted its position in Costco Wholesale by 2.2% during the fourth quarter. Centennial Wealth Advisory LLC now owns 831 shares of the retailer’s stock worth $761,000 after acquiring an additional 18 shares during the last quarter. Finally, Kercheville Advisors LLC boosted its holdings in shares of Costco Wholesale by 3.3% during the fourth quarter. Kercheville Advisors LLC now owns 12,580 shares of the retailer’s stock worth $11,526,000 after acquiring an additional 400 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,050.99 on Friday. The company’s 50 day moving average price is $958.04 and its two-hundred day moving average price is $911.67. The firm has a market capitalization of $466.53 billion, a P/E ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given 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 yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of several research reports. BMO Capital Markets lifted their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. TD Cowen lifted their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Truist Financial upped their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. 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.