Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Increased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 278.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,591 shares of the retailer’s stock after buying an additional 3,377 shares during the period. SRS Capital Advisors Inc.’s holdings in Costco Wholesale were worth $4,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the third quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $35,000. Barrett & Company Inc. boosted its position in shares of Costco Wholesale by 59.3% during the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $41,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $1,048.61 on Friday. The company’s fifty day moving average is $982.51 and its two-hundred day moving average is $938.10. 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 12-month low of $697.27 and a 12-month high of $1,078.23. The company has a market cap of $465.48 billion, a P/E ratio of 61.57, a price-to-earnings-growth ratio of 6.15 and a beta of 0.84.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

COST has been the subject of several analyst reports. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Oppenheimer reiterated an “outperform” rating and set a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their price objective 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. TD Cowen boosted their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, DA Davidson boosted their price objective on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company 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.