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

Cottonwood Capital Advisors LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 471 shares of the retailer’s stock after buying an additional 84 shares during the quarter. Cottonwood Capital Advisors LLC’s holdings in Costco Wholesale were worth $432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in shares of Costco Wholesale in the fourth quarter worth $33,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Costco Wholesale in the fourth quarter valued at $55,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Costco Wholesale during the third quarter valued at $58,000. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Costco Wholesale during the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $939.68 on Friday. The firm has a fifty day simple moving average of $951.57 and a 200-day simple moving average of $903.72. The company has a market capitalization of $417.12 billion, a PE ratio of 55.18, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COST shares. UBS Group raised their price target on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Truist Financial lifted their target price on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Jefferies Financial Group increased their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research 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, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale 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.