Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the fourth quarter, Holdings Channel reports. The fund owned 600 shares of the retailer’s stock after purchasing an additional 27 shares during the quarter. Strata Wealth Advisors LLC’s holdings in Costco Wholesale were worth $550,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. TKG Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at approximately $317,000. Hudson Value Partners LLC grew its position in shares of Costco Wholesale by 5.7% during the fourth quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer’s stock worth $7,789,000 after buying an additional 455 shares in the last quarter. Laidlaw Wealth Management LLC grew its position in shares of Costco Wholesale by 6.6% during the fourth quarter. Laidlaw Wealth Management LLC now owns 1,606 shares of the retailer’s stock worth $1,472,000 after buying an additional 99 shares in the last quarter. Lyell Wealth Management LP raised its holdings in Costco Wholesale by 0.5% in the fourth quarter. Lyell Wealth Management LP now owns 27,179 shares of the retailer’s stock valued at $24,903,000 after acquiring an additional 147 shares in the last quarter. Finally, Joel Adams & Associates Inc. bought a new position in Costco Wholesale during the 4th quarter valued at $299,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their target price on Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Trading Up 0.6 %

Costco Wholesale stock opened at $1,062.54 on Thursday. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a market capitalization of $471.66 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 6.37 and a beta of 0.84. The firm has a 50 day simple moving average of $973.78 and a 200-day simple moving average of $928.24.

Costco Wholesale Dividend Announcement

The company 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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 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.