Intelligence Driven Advisers LLC Takes $214,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Intelligence Driven Advisers LLC acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 234 shares of the retailer’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sculati Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. Sivia Capital Partners LLC now owns 3,708 shares of the retailer’s stock worth $3,398,000 after acquiring an additional 11 shares during the last quarter. Gill Capital Partners LLC grew its position in Costco Wholesale by 0.9% during the 4th quarter. Gill Capital Partners LLC now owns 1,270 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 11 shares during the last quarter. Scott Capital Advisors LLC raised its holdings in Costco Wholesale by 0.8% in the fourth quarter. Scott Capital Advisors LLC now owns 1,348 shares of the retailer’s stock worth $1,247,000 after buying an additional 11 shares during the last quarter. Finally, Lantz Financial LLC lifted its stake in shares of Costco Wholesale by 1.7% in the fourth quarter. Lantz Financial LLC now owns 645 shares of the retailer’s stock worth $591,000 after buying an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on COST. Robert W. Baird lifted their target price on Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Evercore ISI boosted their target price on shares of Costco Wholesale from $1,040.00 to $1,070.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Finally, Raymond James upped their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.93.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $1,076.86 on Friday. The stock has a 50-day moving average price of $966.02 and a 200 day moving average price of $919.48. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24. The stock has a market capitalization of $478.02 billion, a P/E ratio of 63.23, a P/E/G ratio of 6.26 and a beta of 0.84.

Costco Wholesale Announces Dividend

The business also recently announced 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. This represents a $4.64 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.25%.

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.