Stiles Financial Services Inc Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Stiles Financial Services Inc increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,398 shares of the retailer’s stock after purchasing an additional 40 shares during the quarter. Costco Wholesale makes up approximately 2.8% of Stiles Financial Services Inc’s holdings, making the stock its 4th largest holding. Stiles Financial Services Inc’s holdings in Costco Wholesale were worth $7,703,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter worth $33,000. Barrett & Company Inc. grew its stake in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the period. FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $55,000. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Morgan Stanley increased their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Truist Financial lifted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Citigroup increased their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $1,061.92 on Tuesday. The business has a 50-day simple moving average of $961.27 and a 200 day simple moving average of $915.02. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,063.00. The stock has a market cap of $471.39 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

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