Etesian Wealth Advisors Inc. Has $6.49 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Etesian Wealth Advisors Inc. increased its position in Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,078 shares of the retailer’s stock after purchasing an additional 38 shares during the quarter. Costco Wholesale makes up 2.9% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 8th biggest position. Etesian Wealth Advisors Inc.’s holdings in Costco Wholesale were worth $6,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elm3 Financial Group LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $779,000. Beacon Financial Advisory LLC increased its holdings in Costco Wholesale by 1.5% during the 4th quarter. Beacon Financial Advisory LLC now owns 730 shares of the retailer’s stock worth $669,000 after purchasing an additional 11 shares in the last quarter. Caitlin John LLC raised its stake in shares of Costco Wholesale by 2.8% in the 4th 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 bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $1,270,000. Finally, Bleakley Financial Group LLC boosted its position in shares of Costco Wholesale by 7.7% during the fourth quarter. Bleakley Financial Group LLC now owns 10,941 shares of the retailer’s stock worth $10,025,000 after buying an additional 783 shares during the period. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. TD Cowen boosted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. DA Davidson raised their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,050.99 on Friday. The company has a market capitalization of $466.53 billion, a price-to-earnings ratio of 61.71, a PEG ratio of 5.84 and a beta of 0.84. 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 Co. has a 12 month low of $697.27 and a 12 month high of $1,063.00. The stock’s 50 day moving average is $958.04 and its 200-day moving average is $911.67.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

About Costco Wholesale

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.