Richard C. Young & CO. LTD. Buys New Holdings in Costco Wholesale Co. (NASDAQ:COST)

Richard C. Young & CO. LTD. purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 241 shares of the retailer’s stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. AMF Tjanstepension AB purchased a new position in Costco Wholesale in the 3rd quarter worth approximately $42,896,000. Fiduciary Financial Group LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $249,000. Brown Miller Wealth Management LLC boosted its stake in shares of Costco Wholesale by 5.1% in the third quarter. Brown Miller Wealth Management LLC now owns 887 shares of the retailer’s stock valued at $786,000 after purchasing an additional 43 shares during the period. Annex Advisory Services LLC grew its holdings in Costco Wholesale by 7.2% during the 3rd quarter. Annex Advisory Services LLC now owns 26,165 shares of the retailer’s stock valued at $23,196,000 after purchasing an additional 1,751 shares in the last quarter. Finally, Retirement Planning Group LLC increased its stake in Costco Wholesale by 0.4% during the 3rd quarter. Retirement Planning Group LLC now owns 33,411 shares of the retailer’s stock worth $29,620,000 after buying an additional 120 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research report on Thursday. TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Robert W. Baird upped their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI raised their price target on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

COST stock opened at $1,043.81 on Monday. The company has a market capitalization of $463.35 billion, a P/E ratio of 61.29, a PEG ratio of 6.26 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $961.27 and a 200 day simple moving average of $914.43. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,063.00.

Costco Wholesale Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.44%. Costco Wholesale’s dividend payout ratio is presently 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.