Vista Capital Partners Inc. Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Vista Capital Partners Inc. increased its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,882 shares of the retailer's stock after acquiring an additional 244 shares during the period. Costco Wholesale comprises 0.3% of Vista Capital Partners Inc.'s investment portfolio, making the stock its 19th biggest position. Vista Capital Partners Inc.'s holdings in Costco Wholesale were worth $2,641,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Strata Wealth Advisors LLC increased its holdings in Costco Wholesale by 4.7% during the 4th quarter. Strata Wealth Advisors LLC now owns 600 shares of the retailer's stock worth $550,000 after purchasing an additional 27 shares during the period. TKG Advisors LLC purchased a new stake in Costco Wholesale during the 4th quarter worth about $317,000. Hudson Value Partners LLC increased its holdings in Costco Wholesale by 5.7% during the 4th quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock worth $7,789,000 after purchasing an additional 455 shares during the period. Laidlaw Wealth Management LLC increased its holdings in Costco Wholesale by 6.6% during the 4th quarter. Laidlaw Wealth Management LLC now owns 1,606 shares of the retailer's stock worth $1,472,000 after purchasing an additional 99 shares during the period. Finally, Lyell Wealth Management LP increased its holdings in Costco Wholesale by 0.5% during the 4th quarter. Lyell Wealth Management LP now owns 27,179 shares of the retailer's stock worth $24,903,000 after purchasing an additional 147 shares during the period. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Price Performance

NASDAQ COST traded down $1.26 during mid-day trading on Friday, hitting $1,033.57. The stock had a trading volume of 1,019,919 shares, compared to its average volume of 1,880,994. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a market cap of $458.80 billion, a price-to-earnings ratio of 60.65, a P/E/G ratio of 6.32 and a beta of 0.84. The company has a 50 day simple moving average of $974.70 and a 200 day simple moving average of $928.97. 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 Announces Dividend

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 paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale's payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of several recent research reports. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a report on Friday, December 13th. Jefferies Financial Group upped their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Evercore ISI upped their target price on Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,021.93.

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.