Sheaff Brock Investment Advisors LLC Has $4.63 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Sheaff Brock Investment Advisors LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,053 shares of the retailer’s stock after selling 34 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Costco Wholesale were worth $4,630,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Costco Wholesale by 100,422.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 796,137 shares of the retailer’s stock worth $729,476,000 after acquiring an additional 795,345 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Costco Wholesale by 55.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,068,772 shares of the retailer’s stock valued at $979,284,000 after purchasing an additional 382,367 shares in the last quarter. Pathway Financial Advisers LLC raised its position in 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 last quarter. Finally, FMR LLC grew its holdings in shares of Costco Wholesale by 3.6% during the third quarter. FMR LLC now owns 9,308,615 shares of the retailer’s stock worth $8,252,274,000 after purchasing an additional 324,973 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COST. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, February 3rd. 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 report on Tuesday, December 10th. Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Jefferies Financial Group upped their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Citigroup lifted their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Nine investment 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 stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Down 0.5 %

NASDAQ:COST opened at $1,071.85 on Monday. The stock has a 50-day simple moving average of $969.49 and a 200 day simple moving average of $923.13. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a market cap of $475.79 billion, a PE ratio of 62.94, a PEG ratio of 6.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $1.16 dividend. 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 0.43%. Costco Wholesale’s dividend payout ratio (DPR) 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.