Collier Financial Purchases Shares of 38 Costco Wholesale Co. (NASDAQ:COST)

Collier Financial acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 38 shares of the retailer’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sculati Wealth Management LLC grew its stake in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Costco Wholesale by 0.3% during the 4th 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 in the last quarter. Gill Capital Partners LLC boosted its position in Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after buying an additional 11 shares during the last quarter. Scott Capital Advisors LLC increased its stake in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after buying an additional 11 shares during the period. Finally, Lantz Financial LLC raised its position in shares of Costco Wholesale by 1.7% during the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on COST. Citigroup raised their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Barclays boosted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. 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 on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.3 %

Shares of COST stock opened at $1,058.34 on Wednesday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,066.00. 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 firm has a fifty day moving average of $963.01 and a 200-day moving average of $916.76. The company has a market capitalization of $469.80 billion, a price-to-earnings ratio of 62.15, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Costco Wholesale 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.