Clarendon Private LLC Acquires Shares of 871 Costco Wholesale Co. (NASDAQ:COST)

Clarendon Private LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 871 shares of the retailer’s stock, valued at approximately $798,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $33,000. Retirement Wealth Solutions LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale during the third quarter worth approximately $58,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $965.25 on Tuesday. 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 business has a 50-day moving average price of $951.57 and a two-hundred day moving average price of $903.97. Costco Wholesale Co. has a 1-year low of $686.26 and a 1-year high of $1,008.25. The company has a market cap of $428.47 billion, a P/E ratio of 56.68, a PEG ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders 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 yield of 0.48%. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. DA Davidson increased their price target on Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. TD Cowen increased their price target on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. UBS Group raised their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale 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.