300 Shares in Costco Wholesale Co. (NASDAQ:COST) Acquired by David Wealth Management LLC

David Wealth Management LLC purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 300 shares of the retailer’s stock, valued at approximately $275,000.

Several other large investors have also recently made changes to their positions in the company. Schear Investment Advisers LLC boosted its stake in Costco Wholesale by 3.5% during the fourth quarter. Schear Investment Advisers LLC now owns 4,775 shares of the retailer’s stock worth $4,375,000 after buying an additional 163 shares during the last quarter. Authentikos Wealth Advisory LLC boosted its stake in Costco Wholesale by 661.1% during the fourth quarter. Authentikos Wealth Advisory LLC now owns 274 shares of the retailer’s stock worth $251,000 after buying an additional 238 shares during the last quarter. Leavell Investment Management Inc. boosted its stake in Costco Wholesale by 6.7% during the fourth quarter. Leavell Investment Management Inc. now owns 2,276 shares of the retailer’s stock worth $2,085,000 after buying an additional 142 shares during the last quarter. Portfolio Design Labs LLC boosted its stake in Costco Wholesale by 110.9% during the fourth quarter. Portfolio Design Labs LLC now owns 987 shares of the retailer’s stock worth $904,000 after buying an additional 519 shares during the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in Costco Wholesale during the fourth quarter worth $478,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 0.6 %

NASDAQ:COST opened at $1,065.12 on Thursday. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,067.00. The stock’s 50 day moving average price is $964.53 and its 200 day moving average price is $918.45. 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 company has a market capitalization of $472.81 billion, a PE ratio of 62.54, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Morgan Stanley upped their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Loop Capital upped their price target 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. Wells Fargo & Company upped their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Barclays upped their price target 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 given a buy rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus 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.