Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,601 shares of the retailer’s stock after purchasing an additional 448 shares during the quarter. Avestar Capital LLC’s holdings in Costco Wholesale were worth $4,216,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sculati Wealth Management LLC boosted its holdings in Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares during the last quarter. Gill Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.9% in the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after buying an additional 11 shares during the last quarter. Scott Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.8% during the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after acquiring an additional 11 shares in the last quarter. Finally, Lantz Financial LLC increased its holdings in shares of Costco Wholesale by 1.7% during the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock valued at $591,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.1 %

COST stock opened at $1,076.86 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $966.02 and its 200-day moving average is $919.48. The firm has a market cap of $478.02 billion, a P/E ratio of 63.23, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COST shares. Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Raymond James upped their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Barclays boosted their target price on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Finally, Morgan Stanley raised their price target 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. Nine equities research 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, Costco Wholesale currently 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.