VanderPol Investments L.L.C. Takes $202,000 Position in Costco Wholesale Co. (NASDAQ:COST)

VanderPol Investments L.L.C. bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 220 shares of the retailer’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Centaurus Financial Inc. lifted its stake in Costco Wholesale by 19.2% during the second quarter. Centaurus Financial Inc. now owns 5,179 shares of the retailer’s stock worth $4,402,000 after purchasing an additional 833 shares during the last quarter. Sage Advisors LLC lifted its stake in Costco Wholesale by 14.7% during the second quarter. Sage Advisors LLC now owns 1,100 shares of the retailer’s stock worth $935,000 after purchasing an additional 141 shares during the last quarter. Mattson Financial Services LLC bought a new position in Costco Wholesale during the second quarter worth $2,250,000. Global Wealth Strategies & Associates lifted its stake in Costco Wholesale by 111.9% during the third quarter. Global Wealth Strategies & Associates now owns 231 shares of the retailer’s stock worth $205,000 after purchasing an additional 122 shares during the last quarter. Finally, First Financial Bank Trust Division lifted its stake in Costco Wholesale by 16.6% during the third quarter. First Financial Bank Trust Division now owns 352 shares of the retailer’s stock worth $312,000 after purchasing an additional 50 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COST shares. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. DA Davidson raised their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Finally, TD Cowen raised their target price on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Trading Up 1.6 %

Shares of COST opened at $979.01 on Friday. The business’s 50-day moving average price is $953.78 and its 200 day moving average price is $906.03. The stock has a market capitalization of $434.58 billion, a P/E ratio of 57.49, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Costco Wholesale 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.