MOKAN Wealth Management Inc. Makes New $2.41 Million Investment in Costco Wholesale Co. (NASDAQ:COST)

MOKAN Wealth Management Inc. acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,627 shares of the retailer’s stock, valued at approximately $2,414,000. Costco Wholesale comprises 1.5% of MOKAN Wealth Management Inc.’s holdings, making the stock its 19th largest holding.

A number of other hedge funds also recently modified their holdings of the company. Blue Zone Wealth Advisors LLC lifted its position in shares of Costco Wholesale by 301.3% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 1,284 shares of the retailer’s stock worth $1,176,000 after acquiring an additional 964 shares during the period. MN Wealth Advisors LLC lifted its position in shares of Costco Wholesale by 3.8% in the 4th quarter. MN Wealth Advisors LLC now owns 703 shares of the retailer’s stock worth $645,000 after acquiring an additional 26 shares during the period. Strategic Financial Concepts LLC raised its holdings in shares of Costco Wholesale by 33.6% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,058 shares of the retailer’s stock worth $969,000 after buying an additional 266 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Costco Wholesale by 65.2% in the 4th quarter. Allworth Financial LP now owns 52,703 shares of the retailer’s stock worth $49,788,000 after buying an additional 20,794 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in shares of Costco Wholesale by 15.8% in the 4th quarter. Principal Securities Inc. now owns 9,262 shares of the retailer’s stock worth $8,487,000 after buying an additional 1,263 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $1,071.85 on Monday. The business’s 50-day moving average price is $969.49 and its two-hundred day moving average price is $923.13. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The firm has a market cap of $475.79 billion, a PE ratio of 62.94, a P/E/G ratio of 6.26 and a beta of 0.84. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.43%. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, February 3rd. Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. DA Davidson increased their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. Raymond James increased their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Robert W. Baird raised their price target on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.93.

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.