TABR Capital Management LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

TABR Capital Management LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 460 shares of the retailer’s stock, valued at approximately $421,000. Costco Wholesale accounts for approximately 0.4% of TABR Capital Management LLC’s portfolio, making the stock its 21st biggest holding.

Other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the 4th quarter worth about $33,000. Retirement Wealth Solutions LLC acquired a new position in Costco Wholesale in the 4th quarter worth about $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the 3rd quarter worth about $58,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale in the 4th quarter worth about $58,000. 68.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group increased their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Citigroup increased their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, Loop Capital increased their price target on Costco Wholesale from $1,005.00 to $1,095.00 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ:COST opened at $939.68 on Friday. The business’s 50 day simple moving average is $950.92 and its two-hundred day simple moving average is $903.31. The firm has a market cap of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25.

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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.