Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Authentikos Wealth Advisory LLC

Authentikos Wealth Advisory LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 661.1% during the fourth quarter, Holdings Channel reports. The fund owned 274 shares of the retailer’s stock after buying an additional 238 shares during the quarter. Authentikos Wealth Advisory LLC’s holdings in Costco Wholesale were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $33,000. Collier Financial acquired a new stake in Costco Wholesale during the fourth quarter worth about $35,000. Barrett & Company Inc. grew its holdings in Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after acquiring an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Barclays raised their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. BMO Capital Markets increased their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, UBS Group lifted their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

COST opened at $1,058.34 on Wednesday. The firm has a market capitalization of $469.80 billion, a PE ratio of 62.15, a PEG ratio of 6.26 and a beta of 0.84. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,066.00. The firm’s 50-day moving average price is $963.01 and its 200 day moving average price is $916.76.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.