Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Flaharty Asset Management LLC

Flaharty Asset Management LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 476 shares of the retailer’s stock after acquiring an additional 141 shares during the period. Flaharty Asset Management LLC’s holdings in Costco Wholesale were worth $436,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $33,000. Collier Financial purchased a new stake in Costco Wholesale during the fourth quarter valued at about $35,000. Barrett & Company Inc. grew its position in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of a number of research reports. Citigroup boosted their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Jefferies Financial Group upped their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Truist Financial upped their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research report on Friday, December 13th. Finally, TD Cowen upped their target price 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Up 2.6 %

Shares of COST stock opened at $1,048.61 on Friday. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,078.23. The stock has a market cap of $465.48 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The business’s fifty day moving average is $982.51 and its 200-day moving average is $937.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.