Secure Asset Management LLC Purchases 1,083 Shares of Costco Wholesale Co. (NASDAQ:COST)

Secure Asset Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 89.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,296 shares of the retailer’s stock after acquiring an additional 1,083 shares during the period. Secure Asset Management LLC’s holdings in Costco Wholesale were worth $2,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale in the third quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Loop Capital increased their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” 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. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Costco Wholesale stock opened at $939.68 on Friday. Costco Wholesale Co. has a one year low of $675.96 and a one year high of $1,008.25. The business’s fifty day moving average is $950.92 and its 200 day moving average is $903.31. 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 stock has a market capitalization of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.

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.