Costco Wholesale Co. (NASDAQ:COST) Position Lifted by Perigon Wealth Management LLC

Perigon Wealth Management LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,896 shares of the retailer's stock after purchasing an additional 1,177 shares during the period. Perigon Wealth Management LLC's holdings in Costco Wholesale were worth $19,219,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. purchased a new stake in Costco Wholesale in the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at about $41,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $55,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at about $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Trading Up 1.6 %

Shares of NASDAQ COST traded up $14.99 during midday trading on Thursday, hitting $979.01. The stock had a trading volume of 1,785,690 shares, compared to its average volume of 1,923,543. The company has a fifty day moving average price of $953.78 and a 200 day moving average price of $906.03. The company has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a PEG ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $691.50 and a 1-year high of $1,008.25. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid 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 0.47%. Costco Wholesale's dividend payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COST shares. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Raymond James upped their target price 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. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 price target for the company. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Friday, December 13th. Finally, 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,013.59.

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.