Silver Lake Advisory LLC Grows Stake in Costco Wholesale Co. (NASDAQ:COST)

Silver Lake Advisory LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 384 shares of the retailer’s stock after purchasing an additional 27 shares during the quarter. Silver Lake Advisory LLC’s holdings in Costco Wholesale were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Motive Wealth Advisors increased its holdings in shares of Costco Wholesale by 13.7% in the 4th quarter. Motive Wealth Advisors now owns 466 shares of the retailer’s stock valued at $427,000 after acquiring an additional 56 shares during the period. MFA Wealth Services acquired a new position in Costco Wholesale during the 4th quarter valued at about $847,000. One Wealth Management Investment & Advisory Services LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $205,000. Cornerstone Wealth Management LLC increased its position in Costco Wholesale by 2.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,607 shares of the retailer’s stock valued at $4,221,000 after buying an additional 113 shares in the last quarter. Finally, Brighton Jones LLC increased its position in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Roth Mkm boosted their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Jefferies Financial Group boosted their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Finally, Barclays upped their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. 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 currently has a consensus rating of “Moderate Buy” and an average price target of $1,013.59.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $939.68 on Friday. The business has a 50 day simple moving average of $950.92 and a two-hundred day simple moving average of $903.31. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The stock has a market capitalization of $417.12 billion, a P/E ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.

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 issued a dividend of $1.16 per share. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s payout ratio 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.