Vista Capital Partners Inc. Acquires 244 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vista Capital Partners Inc. lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,882 shares of the retailer’s stock after purchasing an additional 244 shares during the period. Costco Wholesale comprises 0.3% of Vista Capital Partners Inc.’s holdings, making the stock its 19th biggest position. Vista Capital Partners Inc.’s holdings in Costco Wholesale were worth $2,641,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Strata Wealth Advisors LLC boosted its position in Costco Wholesale by 4.7% during the 4th quarter. Strata Wealth Advisors LLC now owns 600 shares of the retailer’s stock valued at $550,000 after acquiring an additional 27 shares in the last quarter. TKG Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth $317,000. Hudson Value Partners LLC boosted its position in Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock valued at $7,789,000 after purchasing an additional 455 shares in the last quarter. Laidlaw Wealth Management LLC grew its stake in Costco Wholesale by 6.6% in the fourth quarter. Laidlaw Wealth Management LLC now owns 1,606 shares of the retailer’s stock valued at $1,472,000 after purchasing an additional 99 shares during the last quarter. Finally, Lyell Wealth Management LP raised its holdings in Costco Wholesale by 0.5% in the fourth quarter. Lyell Wealth Management LP now owns 27,179 shares of the retailer’s stock worth $24,903,000 after purchasing an additional 147 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Loop Capital upped their price target 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. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, February 3rd. Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, Citigroup raised their price target on 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Price Performance

NASDAQ:COST opened at $1,062.54 on Thursday. The stock has a market capitalization of $471.66 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $973.78 and its 200-day moving average price is $928.24.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Friday, February 7th. 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.