Good Life Advisors LLC Makes New $8.10 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

Good Life Advisors LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,844 shares of the retailer’s stock, valued at approximately $8,104,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $33,000. Collier Financial bought a new position in Costco Wholesale during the 4th quarter worth $35,000. Barrett & Company Inc. increased its position in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $41,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.6 %

Shares of COST opened at $1,062.54 on Thursday. 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 1-year low of $697.27 and a 1-year high of $1,078.23. The stock has a market capitalization of $471.66 billion, a P/E ratio of 62.39, a P/E/G ratio of 6.37 and a beta of 0.84. The business’s 50-day moving average price is $973.78 and its 200 day moving average price is $928.24.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend 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 is currently 27.25%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on COST shares. Truist Financial increased their price objective 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. DA Davidson lifted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. Wells Fargo & Company increased their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Roth Mkm increased their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

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.