Cornerstone Wealth Management LLC Purchases 113 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cornerstone Wealth Management LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,607 shares of the retailer’s stock after buying an additional 113 shares during the period. Cornerstone Wealth Management LLC’s holdings in Costco Wholesale were worth $4,221,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth about $33,000. Retirement Wealth Solutions LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth about $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 0.3 %

Shares of COST opened at $939.68 on Friday. 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 52-week low of $675.96 and a 52-week high of $1,008.25. The firm has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The business’s fifty day moving average is $950.92 and its 200-day moving average is $903.31.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Sanford C. Bernstein initiated coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. DA Davidson increased their price target on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Finally, StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine equities research 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, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

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.