Fairhaven Wealth Management LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Fairhaven Wealth Management LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 827 shares of the retailer’s stock after buying an additional 11 shares during the period. Fairhaven Wealth Management LLC’s holdings in Costco Wholesale were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cromwell Holdings LLC grew its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC raised its position in shares of Costco Wholesale by 0.3% during the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock worth $3,196,000 after purchasing an additional 10 shares during the last quarter. Sculati Wealth Management LLC lifted its stake in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in Costco Wholesale by 0.3% in the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the last quarter. Finally, Gill Capital Partners LLC increased its stake in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,035.60 on Tuesday. 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 $459.70 billion, a P/E ratio of 60.81, a P/E/G ratio of 6.15 and a beta of 0.84. The firm’s 50 day moving average price is $976.47 and its 200-day moving average price is $933.62. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on COST shares. Stifel Nicolaus raised their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. 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 report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Citigroup boosted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.