MONECO Advisors LLC Increases Stake in Costco Wholesale Co. (NASDAQ:COST)

MONECO Advisors LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,871 shares of the retailer’s stock after buying an additional 63 shares during the quarter. MONECO Advisors LLC’s holdings in Costco Wholesale were worth $2,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale in the 3rd quarter worth approximately $29,000. Endeavor Private Wealth Inc. acquired a new position in Costco Wholesale in the 4th quarter worth approximately $33,000. Collier Financial acquired a new position in Costco Wholesale in the 4th quarter worth approximately $35,000. Barrett & Company Inc. increased its holdings in Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock worth $39,000 after buying an additional 16 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new position in Costco Wholesale in the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of several research reports. TD Cowen increased their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. DA Davidson raised their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Finally, Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ COST opened at $1,035.03 on Friday. The company has a market cap of $459.45 billion, a P/E ratio of 60.78, a P/E/G ratio of 6.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The stock has a 50-day moving average of $975.61 and a two-hundred day moving average of $931.39. 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 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.