Costco Wholesale Co. (NASDAQ:COST) Position Lifted by SRN Advisors LLC

SRN Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,081 shares of the retailer’s stock after purchasing an additional 10 shares during the period. Costco Wholesale accounts for about 2.5% of SRN Advisors LLC’s holdings, making the stock its 4th biggest holding. SRN Advisors LLC’s holdings in Costco Wholesale were worth $2,823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $33,000. Collier Financial acquired a new stake in Costco Wholesale in the 4th quarter valued at approximately $35,000. Barrett & Company Inc. lifted its stake in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale during the 4th quarter worth about $41,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Evercore ISI reiterated a “hold” rating on shares of Costco Wholesale in a report on Friday, February 14th. TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Raymond James increased their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

Shares of COST opened at $1,031.97 on Thursday. The company’s 50 day simple moving average is $979.28 and its 200-day simple moving average is $935.71. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The firm has a market cap of $458.09 billion, a PE ratio of 60.60, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

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 0.45%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.