Tacita Capital Inc Acquires 26 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tacita Capital Inc boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 404 shares of the retailer’s stock after acquiring an additional 26 shares during the quarter. Tacita Capital Inc’s holdings in Costco Wholesale were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COST. Bedel Financial Consulting Inc. increased its position in shares of Costco Wholesale by 5.6% during the 4th quarter. Bedel Financial Consulting Inc. now owns 1,161 shares of the retailer’s stock valued at $1,064,000 after purchasing an additional 62 shares during the last quarter. WMG Financial Advisors LLC increased its position in shares of Costco Wholesale by 26.0% during the 4th quarter. WMG Financial Advisors LLC now owns 547 shares of the retailer’s stock valued at $501,000 after purchasing an additional 113 shares during the last quarter. Unified Investment Management bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $651,000. Bravias Capital Group LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $1,101,000. Finally, Detalus Advisors LLC increased its position in shares of Costco Wholesale by 2.9% during the 4th quarter. Detalus Advisors LLC now owns 497 shares of the retailer’s stock valued at $456,000 after purchasing an additional 14 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COST shares. Raymond James increased 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. UBS Group increased their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI restated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. Citigroup increased their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.2 %

COST stock opened at $1,046.85 on Tuesday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market cap of $464.70 billion, a PE ratio of 61.47, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The business has a 50 day moving average of $984.45 and a 200 day moving average of $939.83.

Costco Wholesale Announces Dividend

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

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.