1834 Investment Advisors Co. Buys 40 Shares of Costco Wholesale Co. (NASDAQ:COST)

1834 Investment Advisors Co. increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,517 shares of the retailer’s stock after purchasing an additional 40 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Costco Wholesale were worth $1,390,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of COST. Fermata Advisors LLC grew its position in shares of Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares in the last quarter. Sculati Wealth Management LLC grew its position in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Costco Wholesale by 0.3% during the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock valued at $3,398,000 after purchasing an additional 11 shares in the last quarter. Gill Capital Partners LLC grew its position in shares of Costco Wholesale by 0.9% during the fourth quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares in the last quarter. Finally, Scott Capital Advisors LLC grew its position in shares of Costco Wholesale by 0.8% during the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock valued at $1,247,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COST. Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Jefferies Financial Group increased their price target on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Trading Up 2.7 %

NASDAQ COST opened at $965.25 on Tuesday. The company has a market capitalization of $428.47 billion, a PE ratio of 56.68, a P/E/G ratio of 5.63 and a beta of 0.84. The company has a fifty day moving average of $951.57 and a 200 day moving average of $903.97. Costco Wholesale Co. has a 1 year low of $686.26 and a 1 year high of $1,008.25. 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $1.16 dividend. The ex-dividend date is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.