Pine Valley Investments Ltd Liability Co Has $6.85 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Pine Valley Investments Ltd Liability Co raised its position in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,471 shares of the retailer’s stock after buying an additional 81 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Costco Wholesale were worth $6,845,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Prasad Wealth Partners LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $491,000. BankPlus Trust Department acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at $1,353,000. Impax Asset Management Group plc bought a new position in shares of Costco Wholesale in the fourth quarter valued at about $634,000. Edge Capital Group LLC lifted its position in Costco Wholesale by 752.5% during the 4th quarter. Edge Capital Group LLC now owns 15,269 shares of the retailer’s stock worth $13,991,000 after buying an additional 13,478 shares in the last quarter. Finally, GHE LLC grew its holdings in Costco Wholesale by 2.5% during the 4th quarter. GHE LLC now owns 6,640 shares of the retailer’s stock worth $5,886,000 after acquiring an additional 165 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research note on Friday, February 14th. Citigroup boosted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Truist Financial upped their price target on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Finally, Barclays lifted their price objective 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Up 0.1 %

COST opened at $1,035.60 on Tuesday. The firm’s fifty day simple moving average is $976.47 and its 200 day simple moving average is $933.62. The stock has a market capitalization of $459.70 billion, a P/E ratio of 60.81, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.45%. 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.