Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Motive Wealth Advisors

Motive Wealth Advisors grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466 shares of the retailer’s stock after buying an additional 56 shares during the quarter. Motive Wealth Advisors’ holdings in Costco Wholesale were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Endeavor Private Wealth Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $33,000. Retirement Wealth Solutions LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $55,000. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter worth approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

COST stock opened at $939.68 on Friday. 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 market capitalization of $417.12 billion, a price-to-earnings ratio of 55.18, a P/E/G ratio of 5.63 and a beta of 0.84. Costco Wholesale Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The firm has a 50 day moving average of $950.92 and a two-hundred day moving average of $903.31.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 7th. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Analysts Set New Price Targets

A number of analysts recently commented on COST shares. Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. DA Davidson boosted their target price on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Tigress Financial restated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.