555 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 555 shares of the retailer’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cromwell Holdings LLC lifted its stake in Costco Wholesale by 0.9% during the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after acquiring an additional 10 shares during the period. 44 Wealth Management LLC raised its holdings in shares of Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after purchasing an additional 10 shares during the last quarter. SRN Advisors LLC lifted its position in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after purchasing an additional 10 shares during the period. 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 during the last quarter. Finally, Sivia Capital Partners LLC boosted its holdings in 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 purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COST shares. Loop Capital raised their price target on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Morgan Stanley increased their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and eighteen have issued 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 target price of $1,021.93.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $1,048.61 on Friday. The company’s 50-day moving average price is $982.51 and its 200-day moving average price is $938.10. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a market cap of $465.48 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.23.

Costco Wholesale Dividend Announcement

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