Silicon Valley Capital Partners Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Silicon Valley Capital Partners increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,831 shares of the retailer’s stock after purchasing an additional 309 shares during the quarter. Costco Wholesale accounts for about 1.3% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 20th largest holding. Silicon Valley Capital Partners’ holdings in Costco Wholesale were worth $11,756,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new stake in Costco Wholesale in the third quarter worth $42,896,000. Armstrong Advisory Group Inc. increased its holdings in shares of Costco Wholesale by 14.2% during the third quarter. Armstrong Advisory Group Inc. now owns 1,004 shares of the retailer’s stock valued at $890,000 after purchasing an additional 125 shares during the period. Affiance Financial LLC increased its holdings in shares of Costco Wholesale by 12.0% during the third quarter. Affiance Financial LLC now owns 651 shares of the retailer’s stock valued at $578,000 after purchasing an additional 70 shares during the period. Thomasville National Bank grew its holdings in Costco Wholesale by 12.7% during the third quarter. Thomasville National Bank now owns 816 shares of the retailer’s stock worth $723,000 after acquiring an additional 92 shares during the period. Finally, VitalStone Financial LLC acquired a new position in Costco Wholesale during the third quarter worth about $71,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COST has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Barclays lifted their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Up 1.7 %

COST opened at $1,061.92 on Tuesday. The business has a 50 day moving average price of $961.27 and a 200 day moving average price of $915.02. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,063.00. 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 firm has a market cap of $471.39 billion, a P/E ratio of 62.36, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Costco Wholesale Company 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.