Accelerate Investment Advisors LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Accelerate Investment Advisors LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 143.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 596 shares of the retailer’s stock after purchasing an additional 351 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Costco Wholesale were worth $546,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of COST. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after buying an additional 7,364,453 shares during the period. Wulff Hansen & CO. lifted its stake in shares of Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Costco Wholesale by 28.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after purchasing an additional 338,780 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Costco Wholesale by 75,894.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after purchasing an additional 338,489 shares during the period. Finally, FMR LLC lifted its stake in shares of Costco Wholesale by 3.6% in the 3rd quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock valued at $8,252,274,000 after purchasing an additional 324,973 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 1.1 %

NASDAQ COST traded down $10.02 during trading hours on Monday, hitting $926.92. 898,875 shares of the company were exchanged, compared to its average volume of 1,804,640. The stock has a 50-day moving average price of $947.92 and a 200 day moving average price of $899.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52 week low of $675.96 and a 52 week high of $1,008.25. The stock has a market cap of $411.46 billion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is currently 27.25%.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. UBS Group lifted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Melius Research assumed coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Company 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.