Capital Advisors Inc. OK Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Capital Advisors Inc. OK grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,962 shares of the retailer’s stock after purchasing an additional 694 shares during the quarter. Capital Advisors Inc. OK’s holdings in Costco Wholesale were worth $3,630,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Certuity LLC boosted its holdings in Costco Wholesale by 64.2% in the fourth quarter. Certuity LLC now owns 2,084 shares of the retailer’s stock valued at $1,909,000 after purchasing an additional 815 shares during the period. Shade Tree Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $745,000. Wealth Advisors Northwest LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at about $470,000. TCV Trust & Wealth Management Inc. grew its position in shares of Costco Wholesale by 0.8% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 12,620 shares of the retailer’s stock worth $11,563,000 after buying an additional 94 shares in the last quarter. Finally, Sonata Capital Group Inc. increased its stake in shares of Costco Wholesale by 3.6% during the fourth quarter. Sonata Capital Group Inc. now owns 1,794 shares of the retailer’s stock worth $1,644,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Loop Capital lifted their price objective on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. DA Davidson lifted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Finally, 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. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Up 0.6 %

Costco Wholesale stock opened at $1,065.12 on Thursday. The stock has a market capitalization of $472.81 billion, a price-to-earnings ratio of 62.54, 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. The stock has a 50 day moving average of $964.53 and a two-hundred day moving average of $918.45. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,067.00.

Costco Wholesale Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.44%. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

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.