Anfield Capital Management LLC Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Anfield Capital Management LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,789 shares of the retailer’s stock after acquiring an additional 29 shares during the period. Anfield Capital Management LLC’s holdings in Costco Wholesale were worth $1,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Richard W. Paul & Associates LLC grew its position in Costco Wholesale by 1.0% during the 4th quarter. Richard W. Paul & Associates LLC now owns 1,555 shares of the retailer’s stock worth $1,425,000 after purchasing an additional 15 shares during the period. Metis Global Partners LLC raised its position in Costco Wholesale by 1.8% during the fourth quarter. Metis Global Partners LLC now owns 21,955 shares of the retailer’s stock valued at $20,117,000 after acquiring an additional 398 shares in the last quarter. Xcel Wealth Management LLC lifted its holdings in Costco Wholesale by 1.3% in the fourth quarter. Xcel Wealth Management LLC now owns 1,519 shares of the retailer’s stock valued at $1,392,000 after acquiring an additional 20 shares during the period. West Michigan Advisors LLC grew its stake in shares of Costco Wholesale by 20.8% during the 4th quarter. West Michigan Advisors LLC now owns 366 shares of the retailer’s stock worth $335,000 after purchasing an additional 63 shares during the period. Finally, Williamson Legacy Group LLC increased its holdings in shares of Costco Wholesale by 1.8% during the 4th quarter. Williamson Legacy Group LLC now owns 1,212 shares of the retailer’s stock valued at $1,111,000 after purchasing an additional 21 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $1,048.61 on Friday. The firm has a market cap of $465.48 billion, a PE ratio of 61.57, a price-to-earnings-growth ratio of 6.15 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 Co. has a 52 week low of $697.27 and a 52 week high of $1,078.23. The business’s fifty day simple moving average is $982.51 and its 200-day simple moving average is $937.59.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

Analyst Ratings Changes

Several research firms recently commented on COST. Morgan Stanley raised their price target on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, February 14th. DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their price objective 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. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.