Cedar Mountain Advisors LLC Buys 38 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cedar Mountain Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 364 shares of the retailer’s stock after purchasing an additional 38 shares during the quarter. Cedar Mountain Advisors LLC’s holdings in Costco Wholesale were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in COST. Renaissance Technologies LLC bought a new position in Costco Wholesale in the 2nd quarter worth about $4,202,000. Ascent Group LLC increased its stake in Costco Wholesale by 1.8% in the 2nd quarter. Ascent Group LLC now owns 11,861 shares of the retailer’s stock worth $10,082,000 after acquiring an additional 214 shares during the last quarter. Buck Wealth Strategies LLC purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $300,000. Doheny Asset Management CA grew its stake in Costco Wholesale by 4.5% in the 2nd quarter. Doheny Asset Management CA now owns 4,221 shares of the retailer’s stock worth $3,588,000 after buying an additional 180 shares in the last quarter. Finally, Copperwynd Financial LLC grew its stake in Costco Wholesale by 3.5% in the 2nd quarter. Copperwynd Financial LLC now owns 1,621 shares of the retailer’s stock worth $1,333,000 after buying an additional 55 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $939.68 on Monday. The stock has a market cap of $417.12 billion, a price-to-earnings ratio of 55.18, a PEG ratio of 5.63 and a beta of 0.84. The business’s fifty day moving average is $951.57 and its 200 day moving average is $903.84. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 price target (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their price target on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Raymond James lifted their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. DA Davidson lifted their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, Roth Mkm lifted their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.