Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Tower View Wealth Management LLC

Tower View Wealth Management LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,914 shares of the retailer’s stock after purchasing an additional 23 shares during the quarter. Costco Wholesale accounts for about 3.3% of Tower View Wealth Management LLC’s holdings, making the stock its 7th largest holding. Tower View Wealth Management LLC’s holdings in Costco Wholesale were worth $6,335,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $35,000. Barrett & Company Inc. increased its stake in Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 2.6 %

Shares of Costco Wholesale stock opened at $1,048.61 on Friday. The firm has a market capitalization of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 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 $1,078.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50 day moving average of $982.51 and a 200 day moving average of $938.10.

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 paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on COST shares. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Jefferies Financial Group boosted their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Citigroup boosted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

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.