Summit Place Financial Advisors LLC Acquires 84 Shares of Costco Wholesale Co. (NASDAQ:COST)

Summit Place Financial Advisors LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,332 shares of the retailer’s stock after purchasing an additional 84 shares during the period. Summit Place Financial Advisors LLC’s holdings in Costco Wholesale were worth $2,137,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $33,000. Collier Financial bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $35,000. Barrett & Company Inc. increased its stake in shares of 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 purchasing an additional 16 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $41,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.6 %

NASDAQ COST opened at $1,062.54 on Thursday. The stock has a market cap of $471.66 billion, a PE ratio of 62.39, a PEG ratio of 6.37 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.23. The company’s 50-day moving average price is $973.78 and its 200-day moving average price is $928.24. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid 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 is currently 27.25%.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. 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. DA Davidson lifted their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Raymond James upped their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company upped their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Friday, December 13th. Nine equities research 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.93.

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.