TABR Capital Management LLC Invests in Costco Wholesale Co.

TABR Capital Management LLC has recently made a strategic move by purchasing a new position in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter. This information comes from the company’s latest 13F filing with the Securities & Exchange Commission. TABR Capital Management acquired 460 shares of Costco, with an estimated total value of around $421,000.

Costco quickly became an integral part of TABR's investment portfolio, accounting for 0.4% of the company’s overall holdings. This makes Costco its 21st largest investment. Their considerable investment highlights a positive outlook towards Costco’s growth potential.

Recent Institutional Activity

A number of other institutional investors have also taken action regarding Costco shares. For example, RPg Family Wealth Advisory LLC established a new position during the third quarter, investing approximately $29,000. Similarly, Endeavor Private Wealth Inc. added to their holdings in the fourth quarter, valued at about $33,000. Retirement Wealth Solutions LLC, Dixon Mitchell Investment Counsel Inc., and Mowery & Schoenfeld Wealth Management LLC made investments in Costco during the fourth quarter, contributing $55,000, $58,000, and $58,000 respectively. Overall, institutional investors hold approximately 68.48% of Costco's stock.

Analysts' Perspectives

Recent reports from various equity analysts provide insights into Costco's stock performance. For instance, TD Cowen raised their price target on Costco from $975.00 to $1,090.00, giving it a "buy" rating as of December 13th. Barclays also increased their target from $850.00 to $940.00, rating it as "equal weight." Roth MKM adjusted their target from $755.00 to $907.00 with a "neutral" rating. Additionally, Sanford C. Bernstein began coverage on Costco with an "outperform" rating and set a target price of $1,016.00. DA Davidson followed suit by raising their price target from $880.00 to $900.00, maintaining a "neutral" stance. The consensus among analysts classifies Costco as a "Moderate Buy," with an average target price of approximately $1,013.59.

Costco Stock Overview

As of last Friday, Costco's stock opened at $939.68. The company has a 50-day simple moving average of $950.92 and a 200-day simple moving average of $903.31. With a market capitalization of $417.12 billion, Costco displays a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63, and a beta of 0.84. The stock has fluctuated, with a 1-year low of $675.96 and a high of $1,008.25. Costco's financial health shows a debt-to-equity ratio of 0.23 and liquidity ratios include a current ratio of 0.98 and a quick ratio of 0.43.

Dividend Announcements

In addition to these developments, Costco has declared its quarterly dividend, which is set to be paid out on February 21st. Shareholders on record as of February 7th will receive a dividend of $1.16 per share. The ex-dividend date is also February 7th. This dividend results in an annualized payout of $4.64, yielding 0.49%, with a dividend payout ratio of 27.25%.

Company Background

Costco Wholesale Corporation operates a chain of membership warehouses globally. Its business spans the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company is known for providing both branded and private-label products across a diverse range of categories.

investment, stocks, Costco