Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209 shares of the retailer’s stock after purchasing an additional 79 shares during the period. Moloney Securities Asset Management LLC’s holdings in Costco Wholesale were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. acquired a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares during the last quarter. FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the fourth quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein assumed 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 objective for the company. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, TD Cowen lifted their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

Costco Wholesale Trading Down 0.7 %

NASDAQ COST opened at $1,043.81 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market cap of $463.35 billion, a P/E ratio of 61.29, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,063.00. The company has a 50-day moving average of $961.27 and a 200-day moving average of $914.43.

Costco Wholesale Announces Dividend

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

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.