Purkiss Capital Advisors LLC Makes New $509,000 Investment in Costco Wholesale Co. (NASDAQ:COST)

Purkiss Capital Advisors LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 555 shares of the retailer’s stock, valued at approximately $509,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB raised its position in Costco Wholesale by 1.5% in the third quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock valued at $393,391,000 after purchasing an additional 6,495 shares during the last quarter. Stephens Inc. AR increased its position in Costco Wholesale by 3.6% in the 3rd quarter. Stephens Inc. AR now owns 15,397 shares of the retailer’s stock valued at $13,650,000 after acquiring an additional 538 shares during the period. Lebenthal Global Advisors LLC raised its stake in shares of Costco Wholesale by 19.5% during the third quarter. Lebenthal Global Advisors LLC now owns 1,209 shares of the retailer’s stock valued at $1,072,000 after acquiring an additional 197 shares during the last quarter. Values Added Financial LLC lifted its holdings in shares of Costco Wholesale by 4.7% during the third quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock worth $1,163,000 after purchasing an additional 59 shares during the period. Finally, Fonville Wealth Management LLC grew its stake in shares of Costco Wholesale by 6.1% in the third quarter. Fonville Wealth Management LLC now owns 469 shares of the retailer’s stock worth $416,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $1,048.61 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23. The company has a market cap of $465.48 billion, a price-to-earnings ratio of 61.57, a PEG ratio of 6.15 and a beta of 0.84. The company’s fifty day moving average price is $982.51 and its two-hundred day moving average price is $938.10. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.44%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. BMO Capital Markets raised 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. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Raymond James raised their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group upped their price objective on shares of 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned 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 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.