MorganRosel Wealth Management LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

MorganRosel Wealth Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 26.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,787 shares of the retailer’s stock after purchasing an additional 379 shares during the period. MorganRosel Wealth Management LLC’s holdings in Costco Wholesale were worth $1,637,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Collier Financial purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $35,000. Barrett & Company Inc. boosted its stake in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,035.60 on Tuesday. 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 fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The stock has a market capitalization of $459.70 billion, a P/E ratio of 60.81, a PEG ratio of 6.15 and a beta of 0.84. The company has a 50 day moving average price of $976.47 and a 200 day moving average price of $933.62.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COST shares. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets raised their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.