Crewe Advisors LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Crewe Advisors LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,832 shares of the retailer’s stock after buying an additional 27 shares during the period. Crewe Advisors LLC’s holdings in Costco Wholesale were worth $1,679,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB purchased a new stake in Costco Wholesale in the 3rd quarter valued at approximately $42,896,000. Gunderson Capital Management Inc. lifted its stake in Costco Wholesale by 47.0% in the 3rd quarter. Gunderson Capital Management Inc. now owns 435 shares of the retailer’s stock valued at $385,000 after buying an additional 139 shares in the last quarter. CWM LLC lifted its stake in Costco Wholesale by 6.1% in the 3rd quarter. CWM LLC now owns 54,764 shares of the retailer’s stock valued at $48,550,000 after buying an additional 3,151 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Costco Wholesale by 9.1% during the 3rd quarter. Wedmont Private Capital now owns 5,152 shares of the retailer’s stock worth $4,501,000 after purchasing an additional 429 shares during the period. Finally, Clarus Wealth Advisors lifted its stake in shares of Costco Wholesale by 3.2% during the 3rd quarter. Clarus Wealth Advisors now owns 836 shares of the retailer’s stock worth $730,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.8 %

Shares of Costco Wholesale stock opened at $1,050.99 on Friday. The business has a 50-day moving average of $958.04 and a 200-day moving average of $911.67. 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 capitalization of $466.53 billion, a PE ratio of 61.71, a P/E/G ratio of 5.84 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,063.00.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COST shares. BMO Capital Markets increased their price target on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. UBS Group increased their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Finally, Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.