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

Evolution Wealth Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 326 shares of the retailer’s stock after purchasing an additional 20 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Costco Wholesale were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after acquiring an additional 32,074 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after acquiring an additional 932 shares during the period. Hudson Value Partners LLC grew its position in Costco Wholesale by 7.6% during the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after acquiring an additional 568 shares during the period. Nwam LLC purchased a new stake in Costco Wholesale during the third quarter valued at about $20,056,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Costco Wholesale during the fourth quarter valued at about $8,430,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 0.3 %

Shares of NASDAQ COST opened at $942.16 on Friday. The stock’s 50 day moving average price is $950.56 and its two-hundred day moving average price is $903.04. Costco Wholesale Co. has a 52-week low of $675.96 and a 52-week high of $1,008.25. The stock has a market capitalization of $418.22 billion, a P/E ratio of 55.32, a PEG ratio of 5.65 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

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 dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of a number of research reports. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Morgan Stanley upped their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.