Warren Street Wealth Advisors LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Warren Street Wealth Advisors LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 12.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 544 shares of the retailer’s stock after purchasing an additional 60 shares during the period. Warren Street Wealth Advisors LLC’s holdings in Costco Wholesale were worth $498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth $42,896,000. Wedge Capital Management L L P NC acquired a new stake in shares of Costco Wholesale in the 3rd quarter worth $213,000. Creative Planning increased its stake in shares of Costco Wholesale by 5.5% in the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock worth $194,245,000 after acquiring an additional 11,678 shares during the last quarter. Swedbank AB increased its stake in shares of Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the last quarter. Finally, Indiana Trust & Investment Management Co increased its stake in shares of Costco Wholesale by 4.3% in the 3rd quarter. Indiana Trust & Investment Management Co now owns 7,728 shares of the retailer’s stock worth $6,851,000 after acquiring an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.1 %

Shares of NASDAQ COST opened at $1,076.86 on Friday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The stock has a market cap of $478.02 billion, a P/E ratio of 63.23, a PEG ratio of 6.26 and a beta of 0.84. The business’s fifty day simple moving average is $966.02 and its 200-day simple moving average is $919.48.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on COST shares. Jefferies Financial Group raised their target price 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. Roth Mkm raised their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Raymond James raised their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.