Bedel Financial Consulting Inc. Has $1.06 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Bedel Financial Consulting Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,161 shares of the retailer’s stock after acquiring an additional 62 shares during the quarter. Bedel Financial Consulting Inc.’s holdings in Costco Wholesale were worth $1,064,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale during the fourth quarter worth $35,000. Barrett & Company Inc. raised its holdings in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

NASDAQ COST opened at $1,046.85 on Tuesday. The firm has a market cap of $464.70 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $984.45 and a 200-day moving average of $939.83.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday. Truist Financial increased their price objective on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Evercore ISI reissued a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.93.

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.