McAdam LLC Purchases 144 Shares of Costco Wholesale Co. (NASDAQ:COST)

McAdam LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 896 shares of the retailer’s stock after purchasing an additional 144 shares during the quarter. McAdam LLC’s holdings in Costco Wholesale were worth $821,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB purchased a new stake in shares of Costco Wholesale during the third quarter worth about $42,896,000. Czech National Bank grew its stake in shares of Costco Wholesale by 6.9% during the third quarter. Czech National Bank now owns 90,312 shares of the retailer’s stock worth $80,063,000 after acquiring an additional 5,799 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Costco Wholesale by 24.2% during the third quarter. GAMMA Investing LLC now owns 6,661 shares of the retailer’s stock worth $5,905,000 after acquiring an additional 1,300 shares during the last quarter. Diversified Trust Co boosted its position in Costco Wholesale by 5.6% in the third quarter. Diversified Trust Co now owns 7,631 shares of the retailer’s stock valued at $6,765,000 after buying an additional 403 shares during the last quarter. Finally, Everpar Advisors LLC boosted its position in Costco Wholesale by 3.3% in the third quarter. Everpar Advisors LLC now owns 539 shares of the retailer’s stock valued at $478,000 after buying an additional 17 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Price Performance

COST opened at $1,005.83 on Tuesday. The stock’s 50-day moving average price is $954.51 and its 200 day moving average price is $908.28. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,009.61. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $446.49 billion, a price-to-earnings ratio of 59.06, a PEG ratio of 5.84 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Roth Mkm upped their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Oppenheimer reiterated 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 investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has an average 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.