Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Accelerate Investment Advisors LLC

Accelerate Investment Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 143.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 596 shares of the retailer’s stock after buying an additional 351 shares during the quarter. Accelerate Investment Advisors LLC’s holdings in Costco Wholesale were worth $546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COST. Quest Partners LLC increased its stake in shares of Costco Wholesale by 1,300.0% in the 2nd quarter. Quest Partners LLC now owns 308 shares of the retailer’s stock valued at $262,000 after purchasing an additional 286 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Costco Wholesale by 11.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 15,588 shares of the retailer’s stock valued at $13,250,000 after acquiring an additional 1,632 shares during the last quarter. Lyell Wealth Management LP lifted its holdings in Costco Wholesale by 2.1% in the second quarter. Lyell Wealth Management LP now owns 27,104 shares of the retailer’s stock valued at $23,038,000 after acquiring an additional 548 shares during the last quarter. Vista Capital Partners Inc. lifted its holdings in Costco Wholesale by 2.5% in the second quarter. Vista Capital Partners Inc. now owns 2,566 shares of the retailer’s stock valued at $2,181,000 after acquiring an additional 62 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in Costco Wholesale during the second quarter worth $6,534,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of research reports. Barclays upped their price target on Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Citigroup upped their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Evercore ISI upped their price objective on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. 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.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 1.1 %

COST stock traded down $10.02 during trading on Monday, reaching $926.92. The stock had a trading volume of 898,875 shares, compared to its average volume of 1,804,640. Costco Wholesale Co. has a 1-year low of $675.96 and a 1-year high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $411.46 billion, a P/E ratio of 54.43, a PEG ratio of 6.02 and a beta of 0.84. The firm has a fifty day moving average price of $947.92 and a 200 day moving average price of $899.20.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. 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.