VanderPol Investments L.L.C. Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

VanderPol Investments L.L.C. acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 220 shares of the retailer’s stock, valued at approximately $202,000.

Other institutional investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth about $33,000. FSC Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $41,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $55,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter valued at about $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COST. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Performance

COST opened at $979.01 on Friday. The stock has a market cap of $434.58 billion, a PE ratio of 57.49, a P/E/G ratio of 5.63 and a beta of 0.84. 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 Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25. The stock’s 50 day simple moving average is $953.78 and its 200-day simple moving average is $906.03.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.