Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Accel Wealth Management

Accel Wealth Management grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 695 shares of the retailer’s stock after acquiring an additional 12 shares during the quarter. Accel Wealth Management’s holdings in Costco Wholesale were worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Costco Wholesale in the second quarter valued at $4,202,000. Beck Bode LLC boosted its stake in shares of Costco Wholesale by 1.7% in the 2nd quarter. Beck Bode LLC now owns 15,957 shares of the retailer’s stock valued at $13,563,000 after buying an additional 260 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Costco Wholesale by 8.2% during the second quarter. Beaird Harris Wealth Management LLC now owns 554 shares of the retailer’s stock worth $471,000 after buying an additional 42 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Costco Wholesale during the second quarter worth approximately $14,809,000. Finally, Arkos Global Advisors raised its holdings in Costco Wholesale by 4.4% in the second quarter. Arkos Global Advisors now owns 591 shares of the retailer’s stock valued at $502,000 after acquiring an additional 25 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial boosted their price target on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Evercore ISI increased their target price on Costco Wholesale from $1,019.00 to $1,020.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird increased their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, UBS Group boosted their target price 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. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Down 0.3 %

Shares of Costco Wholesale stock opened at $939.68 on Friday. The business has a 50 day moving average price of $951.57 and a 200 day moving average price of $903.72. The company 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 1 year low of $675.96 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.