Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Armor Investment Advisors LLC

Armor Investment Advisors LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 486 shares of the retailer’s stock after purchasing an additional 23 shares during the period. Armor Investment Advisors LLC’s holdings in Costco Wholesale were worth $445,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the third quarter valued at $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $33,000. Barrett & Company Inc. grew its position in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares during the period. FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $55,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,058.34 on Wednesday. The company’s 50-day moving average is $963.01 and its two-hundred day moving average is $916.76. The firm has a market capitalization of $469.80 billion, a price-to-earnings ratio of 62.15, a PEG ratio of 6.26 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 1-year low of $697.27 and a 1-year high of $1,066.00.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analysts Forecast Growth

COST has been the topic of several research analyst reports. Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. UBS Group lifted their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price 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.