Vestia Personal Wealth Advisors Purchases Shares of 233 Costco Wholesale Co. (NASDAQ:COST)

Vestia Personal Wealth Advisors purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel reports. The firm purchased 233 shares of the retailer’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth $33,000. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth $41,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.8 %

COST stock opened at $1,050.99 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. The company’s 50 day moving average is $958.04 and its 200 day moving average is $911.67. The stock has a market cap of $466.53 billion, a price-to-earnings ratio of 61.71, a price-to-earnings-growth 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 firm also recently declared 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COST. DA Davidson upped their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday. 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 report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.