Peterson Wealth Advisors LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Peterson Wealth Advisors LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 445 shares of the retailer’s stock after acquiring an additional 23 shares during the period. Peterson Wealth Advisors LLC’s holdings in Costco Wholesale were worth $408,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $29,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $58,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $58,000. Finally, Christopher J. Hasenberg Inc lifted its stake in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $942.16 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company’s fifty day moving average price is $950.56 and its two-hundred day moving average price is $903.04. The firm has a market capitalization of $418.22 billion, a P/E ratio of 55.32, a P/E/G ratio of 5.65 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several analysts have commented on COST shares. Raymond James boosted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. TD Cowen raised their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays increased their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

About Costco Wholesale

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.