Eagle Ridge Investment Management Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Eagle Ridge Investment Management acquired a new position in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 219 shares of the retailer’s stock, valued at approximately $201,000.

Several other institutional investors have also added to or reduced their stakes in COST. Silver Oak Securities Incorporated lifted its holdings in Costco Wholesale by 3.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 2,477 shares of the retailer’s stock valued at $2,284,000 after buying an additional 89 shares during the period. Etesian Wealth Advisors Inc. raised its position in shares of Costco Wholesale by 0.5% in the 4th quarter. Etesian Wealth Advisors Inc. now owns 7,078 shares of the retailer’s stock worth $6,485,000 after acquiring an additional 38 shares in the last quarter. Elm3 Financial Group LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at about $779,000. Beacon Financial Advisory LLC boosted its position in shares of Costco Wholesale by 1.5% during the 4th quarter. Beacon Financial Advisory LLC now owns 730 shares of the retailer’s stock valued at $669,000 after purchasing an additional 11 shares in the last quarter. Finally, Caitlin John LLC grew its stake in Costco Wholesale by 2.8% during the fourth quarter. Caitlin John LLC now owns 1,796 shares of the retailer’s stock worth $1,646,000 after purchasing an additional 49 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.7 %

Shares of Costco Wholesale stock opened at $1,043.81 on Friday. The stock has a fifty day moving average price of $959.83 and a 200-day moving average price of $912.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $463.35 billion, a PE ratio of 61.29, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,063.00.

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 $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is 27.25%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company raised their target price 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.