Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Archford Capital Strategies LLC

Archford Capital Strategies LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,431 shares of the retailer’s stock after acquiring an additional 59 shares during the period. Archford Capital Strategies LLC’s holdings in Costco Wholesale were worth $4,976,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COST. Renaissance Technologies LLC acquired a new position in Costco Wholesale during the 2nd quarter worth $4,202,000. Ascent Group LLC grew its holdings in Costco Wholesale by 1.8% during the 2nd quarter. Ascent Group LLC now owns 11,861 shares of the retailer’s stock worth $10,082,000 after acquiring an additional 214 shares in the last quarter. Buck Wealth Strategies LLC acquired a new position in Costco Wholesale during the 2nd quarter worth $300,000. Doheny Asset Management CA grew its holdings in Costco Wholesale by 4.5% during the 2nd quarter. Doheny Asset Management CA now owns 4,221 shares of the retailer’s stock worth $3,588,000 after acquiring an additional 180 shares in the last quarter. Finally, Copperwynd Financial LLC grew its holdings in Costco Wholesale by 3.5% during the 2nd quarter. Copperwynd Financial LLC now owns 1,621 shares of the retailer’s stock worth $1,333,000 after acquiring an additional 55 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, January 9th. Finally, Barclays lifted their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST opened at $939.68 on Monday. The firm’s 50 day moving average is $951.57 and its 200-day moving average is $903.84. The stock has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a P/E/G ratio of 5.63 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 Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is currently 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.