Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 17.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,208 shares of the retailer’s stock after acquiring an additional 334 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Costco Wholesale were worth $2,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. AMF Tjanstepension AB bought a new position in Costco Wholesale in the 3rd quarter worth about $42,896,000. VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the third quarter valued at approximately $71,000. ORG Wealth Partners LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $156,000. Wedge Capital Management L L P NC bought a new position in Costco Wholesale in the 3rd quarter worth approximately $213,000. Finally, Creative Planning grew its holdings in Costco Wholesale by 5.5% in the 3rd quarter. Creative Planning now owns 224,169 shares of the retailer’s stock worth $194,245,000 after buying an additional 11,678 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. Loop Capital increased their target price on shares of Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Raymond James boosted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Stock Down 0.3 %

Shares of Costco Wholesale stock opened at $1,058.34 on Wednesday. The stock has a 50-day moving average price of $963.01 and a 200 day moving average price of $916.76. Costco Wholesale Co. has a 1 year low of $697.27 and a 1 year high of $1,066.00. The company has a market cap of $469.80 billion, a P/E ratio of 62.15, a P/E/G ratio of 6.26 and a beta of 0.84. 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 company 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 (DPR) is currently 27.25%.

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.