Richardson Capital Management LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Richardson Capital Management LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.4% in the 4th quarter, HoldingsChannel reports. The firm owned 142 shares of the retailer’s stock after purchasing an additional 11 shares during the quarter. Richardson Capital Management LLC’s holdings in Costco Wholesale were worth $130,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its stake in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Hudson Value Partners LLC boosted its position in shares of Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares during the last quarter. Nwam LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at approximately $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $8,430,000. Finally, GAMMA Investing LLC increased its position in Costco Wholesale by 15.0% in the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after purchasing an additional 1,001 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on COST shares. Truist Financial increased their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research report on Friday, December 13th. Stifel Nicolaus lifted their price target on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Raymond James upped their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Roth Mkm lifted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Finally, BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Price Performance

Shares of COST stock opened at $1,035.03 on Friday. The company has a market cap of $459.45 billion, a P/E ratio of 60.78, a PEG ratio of 6.15 and a beta of 0.84. 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 stock’s 50-day moving average is $975.61 and its 200 day moving average is $931.39. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. Costco Wholesale’s payout ratio is 27.25%.

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.