Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp grew its position in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,125 shares of the retailer’s stock after purchasing an additional 60 shares during the quarter. Money Concepts Capital Corp’s holdings in Costco Wholesale were worth $2,863,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Confluence Wealth Services Inc. lifted its stake in Costco Wholesale by 3.0% during the fourth quarter. Confluence Wealth Services Inc. now owns 4,652 shares of the retailer’s stock worth $4,383,000 after purchasing an additional 134 shares during the last quarter. Lion Street Advisors LLC lifted its position in shares of Costco Wholesale by 30.5% during the 4th quarter. Lion Street Advisors LLC now owns 8,095 shares of the retailer’s stock worth $7,417,000 after buying an additional 1,893 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Costco Wholesale by 14.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,977 shares of the retailer’s stock valued at $120,927,000 after buying an additional 15,805 shares in the last quarter. Jericho Financial LLP purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $3,163,000. Finally, Berkshire Money Management Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth $575,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on COST shares. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. BMO Capital Markets raised their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group upped their price target on shares of 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. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Up 2.1 %

Shares of NASDAQ COST opened at $1,042.88 on Thursday. The stock has a market capitalization of $462.93 billion, a price-to-earnings ratio of 61.24, a price-to-earnings-growth ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,043.09. The firm has a 50-day moving average price of $956.42 and a 200 day moving average price of $910.75. 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 business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s payout ratio is 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.