Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Strategic Investment Advisors MI

Strategic Investment Advisors MI increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,318 shares of the retailer’s stock after purchasing an additional 12 shares during the period. Strategic Investment Advisors MI’s holdings in Costco Wholesale were worth $1,208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Armbruster Capital Management Inc. boosted its stake in Costco Wholesale by 4.0% during the 4th quarter. Armbruster Capital Management Inc. now owns 365 shares of the retailer’s stock worth $334,000 after purchasing an additional 14 shares during the last quarter. Drive Wealth Management LLC lifted its stake in shares of Costco Wholesale by 4.6% in the fourth quarter. Drive Wealth Management LLC now owns 1,330 shares of the retailer’s stock worth $1,219,000 after buying an additional 59 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Costco Wholesale by 32.6% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 126 shares of the retailer’s stock worth $115,000 after buying an additional 31 shares in the last quarter. OLIO Financial Planning acquired a new position in Costco Wholesale during the fourth quarter worth about $256,000. Finally, 1834 Investment Advisors Co. grew its stake in Costco Wholesale by 2.7% during the 4th quarter. 1834 Investment Advisors Co. now owns 1,517 shares of the retailer’s stock valued at $1,390,000 after acquiring an additional 40 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

COST stock opened at $965.25 on Tuesday. The business’s 50-day moving average is $951.57 and its two-hundred day moving average is $903.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $428.47 billion, a P/E ratio of 56.68, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on COST. Roth Mkm boosted their target price on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Raymond James boosted their price objective 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. Stifel Nicolaus raised their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley lifted their price target on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Truist Financial upped their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.