Axecap Investments LLC Acquires New Position in Costco Wholesale Co. (NASDAQ:COST)

Axecap Investments LLC bought a new position in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,499 shares of the retailer’s stock, valued at approximately $3,206,000. Costco Wholesale accounts for approximately 2.4% of Axecap Investments LLC’s portfolio, making the stock its 17th largest position.

A number of other large investors also recently made changes to their positions in the business. Stonebridge Financial Group LLC purchased a new position in Costco Wholesale during the fourth quarter worth approximately $387,000. Essex Financial Services Inc. increased its holdings in shares of Costco Wholesale by 5.6% during the 4th quarter. Essex Financial Services Inc. now owns 4,582 shares of the retailer’s stock worth $4,199,000 after buying an additional 245 shares during the last quarter. Armor Investment Advisors LLC boosted its holdings in Costco Wholesale by 5.0% in the fourth quarter. Armor Investment Advisors LLC now owns 486 shares of the retailer’s stock valued at $445,000 after acquiring an additional 23 shares during the last quarter. Mill Creek Capital Advisors LLC grew its position in Costco Wholesale by 17.8% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 2,208 shares of the retailer’s stock valued at $2,023,000 after acquiring an additional 334 shares during the period. Finally, Summit Trail Advisors LLC increased its stake in Costco Wholesale by 42.6% during the fourth quarter. Summit Trail Advisors LLC now owns 9,370 shares of the retailer’s stock worth $8,586,000 after acquiring an additional 2,797 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.3 %

NASDAQ COST opened at $1,058.34 on Wednesday. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,066.00. 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 company has a market cap of $469.80 billion, a PE ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84. The stock has a 50 day moving average of $963.01 and a 200-day moving average of $916.76.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid 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 dividend payout ratio (DPR) is presently 27.25%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, February 3rd. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Barclays increased their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Evercore ISI boosted their price objective on Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Finally, Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

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.