Park Edge Advisors LLC Buys 646 Shares of Costco Wholesale Co. (NASDAQ:COST)

Park Edge Advisors LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,037 shares of the retailer’s stock after acquiring an additional 646 shares during the period. Park Edge Advisors LLC’s holdings in Costco Wholesale were worth $1,866,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the 3rd quarter valued at about $29,000. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $33,000. Retirement Wealth Solutions LLC purchased a new position in Costco Wholesale during the 4th quarter valued at $55,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Costco Wholesale in the 4th quarter worth $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COST. Evercore ISI increased their price target on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Robert W. Baird upped their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,013.59.

Costco Wholesale Stock Performance

Shares of COST stock opened at $939.68 on Monday. The firm has a market capitalization of $417.12 billion, a PE ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. The company has a 50 day moving average price of $951.57 and a 200-day moving average price of $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 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

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.