Secure Asset Management LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Secure Asset Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 89.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,296 shares of the retailer’s stock after buying an additional 1,083 shares during the quarter. Secure Asset Management LLC’s holdings in Costco Wholesale were worth $2,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. 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 shares of Costco Wholesale during the 4th quarter valued at approximately $33,000. Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the 3rd quarter valued at approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in Costco Wholesale during the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $939.68 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock has a market cap of $417.12 billion, a PE ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company’s fifty day moving average is $950.92 and its 200 day moving average is $903.31. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analysts Set New Price Targets

A number of research firms have recently commented on COST. The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley upped their target price 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.