Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Archford Capital Strategies LLC

Archford Capital Strategies LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,431 shares of the retailer’s stock after buying an additional 59 shares during the quarter. Archford Capital Strategies LLC’s holdings in Costco Wholesale were worth $4,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of COST. Renaissance Technologies LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $4,202,000. Ascent Group LLC grew its position in shares of Costco Wholesale by 1.8% in the second quarter. Ascent Group LLC now owns 11,861 shares of the retailer’s stock valued at $10,082,000 after purchasing an additional 214 shares during the last quarter. Buck Wealth Strategies LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $300,000. Doheny Asset Management CA grew its position in shares of Costco Wholesale by 4.5% in the second quarter. Doheny Asset Management CA now owns 4,221 shares of the retailer’s stock valued at $3,588,000 after purchasing an additional 180 shares during the last quarter. Finally, Copperwynd Financial LLC grew its position in shares of Costco Wholesale by 3.5% in the second quarter. Copperwynd Financial LLC now owns 1,621 shares of the retailer’s stock valued at $1,333,000 after purchasing an additional 55 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays upped their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $939.68 on Monday. The company’s fifty day simple moving average is $951.57 and its 200-day simple moving average is $903.84. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week 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. The company has a market cap of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s payout ratio is 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.