Sage Advisors LLC Has $1.34 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Sage Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 21.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,464 shares of the retailer’s stock after buying an additional 259 shares during the period. Costco Wholesale accounts for approximately 1.0% of Sage Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Sage Advisors LLC’s holdings in Costco Wholesale were worth $1,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sculati Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock worth $3,235,000 after buying an additional 11 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Costco Wholesale by 0.3% during the 4th quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after buying an additional 11 shares in the last quarter. Gill Capital Partners LLC raised its holdings in shares of Costco Wholesale by 0.9% in the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 11 shares during the period. Scott Capital Advisors LLC raised its holdings in shares of Costco Wholesale by 0.8% in the 4th quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after purchasing an additional 11 shares during the period. Finally, Lantz Financial LLC raised its holdings in shares of Costco Wholesale by 1.7% in the 4th quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. TD Cowen lifted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Raymond James lifted their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup lifted their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Down 0.5 %

COST opened at $1,071.85 on Friday. The stock has a market cap of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 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 $969.49 and its 200 day simple moving average is $922.35.

Costco Wholesale Dividend Announcement

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 $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 0.43%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.