Allen Capital Group LLC Buys 33 Shares of Costco Wholesale Co. (NASDAQ:COST)

Allen Capital Group LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 510 shares of the retailer’s stock after purchasing an additional 33 shares during the quarter. Allen Capital Group LLC’s holdings in Costco Wholesale were worth $467,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the fourth quarter worth $33,000. FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter valued at $41,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale during the 4th quarter valued at $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.6 %

Shares of COST stock opened at $979.01 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $691.50 and a 12 month high of $1,008.25. The stock has a market cap of $434.58 billion, a P/E ratio of 57.49, a P/E/G ratio of 5.63 and a beta of 0.84. The company has a 50 day simple moving average of $953.78 and a two-hundred day simple moving average of $906.03.

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 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. UBS Group upped their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

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.