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

Vivid Wealth Management LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,631 shares of the retailer’s stock after purchasing an additional 31 shares during the period. Costco Wholesale accounts for about 1.2% of Vivid Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Roxbury Financial LLC purchased a new position in Costco Wholesale during the 4th quarter valued at about $1,189,000. Aveo Capital Partners LLC lifted its position in Costco Wholesale by 44.1% during the 4th quarter. Aveo Capital Partners LLC now owns 1,677 shares of the retailer’s stock valued at $1,537,000 after acquiring an additional 513 shares during the period. Howard Wealth Management LLC lifted its position in Costco Wholesale by 154.7% during the 4th quarter. Howard Wealth Management LLC now owns 1,118 shares of the retailer’s stock valued at $1,025,000 after acquiring an additional 679 shares during the period. BXM Wealth LLC purchased a new position in Costco Wholesale during the 4th quarter valued at about $1,213,000. Finally, Spinnaker Trust lifted its position in Costco Wholesale by 0.5% during the 4th quarter. Spinnaker Trust now owns 7,532 shares of the retailer’s stock valued at $6,901,000 after acquiring an additional 41 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $1,071.85 on Friday. The firm has a 50 day moving average of $969.49 and a 200 day moving average of $922.35. 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 firm has a market capitalization of $475.79 billion, a price-to-earnings ratio of 62.94, a price-to-earnings-growth ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted 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 report on Thursday, February 6th. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Oppenheimer restated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.