Advisor OS LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Advisor OS LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,806 shares of the retailer’s stock after purchasing an additional 19 shares during the quarter. Advisor OS LLC’s holdings in Costco Wholesale were worth $2,571,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $33,000. Collier Financial purchased a new position in Costco Wholesale in the 4th quarter valued at approximately $35,000. Barrett & Company Inc. grew its stake in shares of Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on COST shares. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Loop Capital boosted their price target on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,055.66 on Wednesday. The firm’s fifty day simple moving average is $977.94 and its 200-day simple moving average is $935.03. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The stock has a market capitalization of $468.61 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

Costco Wholesale Dividend Announcement

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