Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Raised by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,121 shares of the retailer’s stock after purchasing an additional 329 shares during the period. Costco Wholesale comprises about 1.2% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Mezzasalma Advisors LLC’s holdings in Costco Wholesale were worth $3,776,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Costco Wholesale during the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale in the 4th quarter worth about $33,000. Barrett & Company Inc. boosted its holdings in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after buying an additional 16 shares during the period. FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the 4th quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Costco Wholesale in the fourth quarter worth about $55,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on COST shares. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Roth Mkm lifted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company raised their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Finally, Truist Financial increased their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Down 0.7 %

Costco Wholesale stock opened at $1,043.81 on Friday. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,063.00. The company’s fifty day moving average price is $961.27 and its two-hundred day moving average price is $914.00. The company has a market capitalization of $463.35 billion, a price-to-earnings ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid 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 yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

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.