TBH Global Asset Management LLC Acquires 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

TBH Global Asset Management LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,270 shares of the retailer’s stock after purchasing an additional 38 shares during the quarter. Costco Wholesale accounts for 1.1% of TBH Global Asset Management LLC’s holdings, making the stock its 17th largest position. TBH Global Asset Management LLC’s holdings in Costco Wholesale were worth $4,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale during the fourth quarter valued at $33,000. Collier Financial bought a new position in Costco Wholesale during the fourth quarter valued at $35,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $41,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on COST. Barclays lifted their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI increased their price target on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Raymond James lifted their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Trading Up 0.6 %

NASDAQ:COST opened at $1,062.54 on Thursday. The firm has a 50-day simple moving average of $973.78 and a 200-day simple moving average of $928.24. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.23. The firm has a market cap of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.